https://www.taxtmi.com/caselaws?id=63585 The Appellate Tribunal allowed the appeal by the Revenue, reversing the direction to treat seized cash as advance tax and interest under sections 234B and 234C. The Tribunal upheld the treatment of surrendered income as income from other sources, disallowing deductions under section 80-IA. It also declined to interfere with the CIT(A)'s decision on deductions. The Tribunal held that interest under sections 234B and 234C could not be levied in the absence of a specific order in the assessment. The appeal by the Revenue was allowed, and the cross-objection by the assessee was partly allowed. en-us Thu, 23 Aug 2001 00:00:00 +0530 Mon, 31 Jan 2011 18:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63585 The Appellate Tribunal allowed the appeal by the Revenue, reversing the direction to treat seized cash as advance tax and interest under sections 234B and 234C. The Tribunal upheld the treatment of surrendered income as income from other sources, disallowing deductions under section 80-IA. It also declined to interfere with the CIT(A)'s decision on deductions. The Tribunal held that interest under sections 234B and 234C could not be levied in the absence of a specific order in the assessment. The appeal by the Revenue was allowed, and the cross-objection by the assessee was partly allowed. Case-Laws Income Tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63585