https://www.taxtmi.com/caselaws?id=219107 The Tribunal upheld the addition of interest income as taxable in the hands of the assessee, rejected the challenge to the initiation of reassessment proceedings, and dismissed the plea for accumulation of income under Section 11(2) due to procedural non-compliance. The decision emphasized the principles of income accrual, validated reassessment under Section 147, and highlighted the importance of adhering to procedural requirements for tax filings. en-us Tue, 31 Jan 2012 00:00:00 +0530 Wed, 05 Dec 2012 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219107 The Tribunal upheld the addition of interest income as taxable in the hands of the assessee, rejected the challenge to the initiation of reassessment proceedings, and dismissed the plea for accumulation of income under Section 11(2) due to procedural non-compliance. The decision emphasized the principles of income accrual, validated reassessment under Section 147, and highlighted the importance of adhering to procedural requirements for tax filings. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219107