Supreme Court · 2008 INSC 1141 · Decided 13 October 2008
The Commissioner of Income Tax, Kolhapur v. Icici Bank LTD.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 1141 · [2008] 14 S.C.R. 377
- Case number
- CIVIL APPEAL No. 7441/2004
- Decided
- 13 October 2008
- Bench
- ARIJIT PASAYAT, MUKUNDAKAM SHARMA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act
Headnote
A B Interest Tax Act, 1974 - s.2(7) - Interest on government securities - Taxability of - Held: In view of Supreme Court's c decision in Corporation Bank's case*, interest earned on gov­ ernment securities was held not taxable - In the instant case, dispute between revenue and inter­ est earned was on government securities -Factual position as to nature of interest involved required to be examined by 0 Tribunal. ~ The question which arose for consideration in these appeals is whether Tribunal and High Court were justi­ fied in holding that the interest
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