https://www.taxtmi.com/caselaws?id=65014 The Tribunal held that the withdrawal from the National Savings Scheme (NSS) account is deemed as income under section 80CCA(2) of the Income-tax Act, falling within the definition of 'income' under section 2(24). The Tribunal concluded that the withdrawal amount is chargeable to tax as it satisfies the conditions of being income and being computed as per the Act. Additionally, the Tribunal determined that the withdrawal is taxable under the residuary head of income from other sources as specified in section 56, dismissing the appeals and upholding the taxation of the withdrawal amount. en-us Tue, 20 Apr 1999 00:00:00 +0530 Fri, 11 Feb 2011 16:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65014 The Tribunal held that the withdrawal from the National Savings Scheme (NSS) account is deemed as income under section 80CCA(2) of the Income-tax Act, falling within the definition of 'income' under section 2(24). The Tribunal concluded that the withdrawal amount is chargeable to tax as it satisfies the conditions of being income and being computed as per the Act. Additionally, the Tribunal determined that the withdrawal is taxable under the residuary head of income from other sources as specified in section 56, dismissing the appeals and upholding the taxation of the withdrawal amount. Case-Laws Income Tax Tue, 20 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65014