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<h1>Court rules interest from specific period not to be added to income for assessment year.</h1> <h3>Commissioner Of Income-Tax Versus Naresh Chandra Bhargava</h3> The High Court of Allahabad ruled in favor of the assessee, stating that the interest for the period from October 1, 1964, to December 31, 1964, should ... Additions To Income The High Court of Allahabad ruled in favor of the assessee in the case related to the addition of proportionate interest for the period from October 1, 1964, to December 31, 1964, in the income for the assessment year 1966-67. The court held that the interest for that period cannot be included in the assessee's income for that assessment year as it falls outside the relevant previous year.