https://www.taxtmi.com/caselaws?id=63182 The appeal was partly allowed. The Tribunal ruled in favor of the assessee regarding the estimation of property rent and undisclosed income issues. However, the matter of interest on borrowed sums was remanded for further examination to determine if the business was set up in the relevant years. The charging of interest under sections 139(8) and 217(1)(a) of the IT Act was considered a consequential relief and required no further discussion. en-us Thu, 13 Dec 1990 00:00:00 +0530 Fri, 28 Jan 2011 12:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63182 The appeal was partly allowed. The Tribunal ruled in favor of the assessee regarding the estimation of property rent and undisclosed income issues. However, the matter of interest on borrowed sums was remanded for further examination to determine if the business was set up in the relevant years. The charging of interest under sections 139(8) and 217(1)(a) of the IT Act was considered a consequential relief and required no further discussion. Case-Laws Income Tax Thu, 13 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63182