https://www.taxtmi.com/caselaws?id=118988 The Tribunal upheld the Assessing Officer's decision to treat Rs. 21 lakhs as a revenue receipt and part of the salary, overturning the CIT (Appeals) order. The reassessment was deemed valid despite the initial acceptance under section 143(1)(a), following the conditions of section 147. The Tribunal also upheld the imposition of interest under sections 234B and 234C, directing the Assessing Officer to apply the provisions of law accordingly. en-us Mon, 20 Jun 2005 00:00:00 +0530 Sat, 07 Jul 2012 12:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118988 The Tribunal upheld the Assessing Officer's decision to treat Rs. 21 lakhs as a revenue receipt and part of the salary, overturning the CIT (Appeals) order. The reassessment was deemed valid despite the initial acceptance under section 143(1)(a), following the conditions of section 147. The Tribunal also upheld the imposition of interest under sections 234B and 234C, directing the Assessing Officer to apply the provisions of law accordingly. Case-Laws Income Tax Mon, 20 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118988