https://www.taxtmi.com/caselaws?id=219068 The High Court allowed the appeal, setting aside the Tribunal's order on the inclusion of interest income for the year 1997-98 and the enhancement of assessment by the CIT(A). The Court held that only Rs.3,37,431/- was assessable for 1997-98, with the balance to be assessed in 1998-99. The matter was remanded to the CIT(A) for a fresh hearing with proper notice to the assessee, emphasizing the importance of fair opportunity and adherence to natural justice principles in tax assessments. en-us Wed, 31 Oct 2012 00:00:00 +0530 Tue, 04 Dec 2012 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219068 The High Court allowed the appeal, setting aside the Tribunal's order on the inclusion of interest income for the year 1997-98 and the enhancement of assessment by the CIT(A). The Court held that only Rs.3,37,431/- was assessable for 1997-98, with the balance to be assessed in 1998-99. The matter was remanded to the CIT(A) for a fresh hearing with proper notice to the assessee, emphasizing the importance of fair opportunity and adherence to natural justice principles in tax assessments. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219068