https://www.taxtmi.com/caselaws?id=64217 The case involved cross-appeals regarding the treatment of interest income from deposits with a trading concern and the allowance of salary to the Karta of an HUF. The court upheld the inclusion of interest income based on past accrual basis treatment, citing precedent. However, it ordered the assessee to produce a key witness for cross-examination to verify the reality of the salary arrangement, setting aside the initial decision. The appeal by the assessee was dismissed, and the Revenue's appeal was allowed for statistical purposes. en-us Tue, 19 Oct 1999 00:00:00 +0530 Sat, 05 Feb 2011 14:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64217 The case involved cross-appeals regarding the treatment of interest income from deposits with a trading concern and the allowance of salary to the Karta of an HUF. The court upheld the inclusion of interest income based on past accrual basis treatment, citing precedent. However, it ordered the assessee to produce a key witness for cross-examination to verify the reality of the salary arrangement, setting aside the initial decision. The appeal by the assessee was dismissed, and the Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 19 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64217