CIT v. H.P. Infrastructure Development Board (2019) 267 Taxman 487 / 111 taxmann.com 326 (HP)(HC) Editorial : SLP of revenue is dismissed, CIT v. H.P. Infrastructure Development Board (2019) 267 Taxman 486 (SC)

S. 5 : Scope of total income–Accrual of Interest-Question of fact–Deletion of addition is held to be justified-No question of law. [S.4, 260A, Infrastructure Development Board Act, 2001]

Dismissing the appeal of the revenue the Court held that, the assessee-board, established under Infrastructure Development Board Act, 2001, was carrying on transaction on behalf of Government and as such, interest accrued on deposit and issue of accrual taxability thereupon was a question of fact, which stood correctly and completely appreciated by authority below.  Order of Tribunal is affirmed.