https://www.taxtmi.com/caselaws?id=210533 The High Court held that the Income Tax Appellate Tribunal erred in accepting the bifurcation of interest income without proper verification. The court emphasized the need for thorough examination before making decisions under Section 263. The judgment highlighted the importance of ensuring assessments are not erroneous or prejudicial to revenue, directing the Commissioner of Income Tax to pass a fresh order after addressing all contentions and issues raised by the assessee. en-us Tue, 29 Nov 2011 00:00:00 +0530 Tue, 14 Jul 2026 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210533 The High Court held that the Income Tax Appellate Tribunal erred in accepting the bifurcation of interest income without proper verification. The court emphasized the need for thorough examination before making decisions under Section 263. The judgment highlighted the importance of ensuring assessments are not erroneous or prejudicial to revenue, directing the Commissioner of Income Tax to pass a fresh order after addressing all contentions and issues raised by the assessee. Case-Laws Income Tax Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210533