https://www.taxtmi.com/caselaws?id=70656 The Tribunal dismissed the appeals filed by the parties and upheld that interest income from bank deposits should be treated as income from other sources. It validated the reopening of assessments for certain years based on undisclosed material facts and directed the Assessing Officer to avoid double additions when estimating interest income. The Tribunal also ruled that the Revenue Secretary's announcement regarding scrutiny for a specific year did not have a binding effect. en-us Tue, 15 Feb 2005 00:00:00 +0530 Mon, 25 Jun 2012 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70656 The Tribunal dismissed the appeals filed by the parties and upheld that interest income from bank deposits should be treated as income from other sources. It validated the reopening of assessments for certain years based on undisclosed material facts and directed the Assessing Officer to avoid double additions when estimating interest income. The Tribunal also ruled that the Revenue Secretary's announcement regarding scrutiny for a specific year did not have a binding effect. Case-Laws Income Tax Tue, 15 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70656