https://www.taxtmi.com/caselaws?id=71581 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s power to enhance assessments based on new sources of income, as established in previous court decisions. The CIT(A) was justified in enhancing the assessment due to under-valuation of stock and disallowance under section 43B. However, the disallowance of interest under section 40(b) was modified to exclude interest paid before the individual became a partner. en-us Tue, 09 May 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:33:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71581 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s power to enhance assessments based on new sources of income, as established in previous court decisions. The CIT(A) was justified in enhancing the assessment due to under-valuation of stock and disallowance under section 43B. However, the disallowance of interest under section 40(b) was modified to exclude interest paid before the individual became a partner. Case-Laws Income Tax Tue, 09 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71581