https://www.taxtmi.com/caselaws?id=244903 The Tribunal dismissed the assessee's appeal regarding undisclosed interest and contract receipts for AY 2009-10. The assessee's discrepancies in disclosing interest income and contract receipts led to additions by the Assessing Officer, upheld by the CIT(Appeals). Despite the assessee's claims of an arithmetical mistake and lack of independent assessment by the CIT(Appeals), the Tribunal found no merit in the appeal. Emphasizing the need for diligence in rectifying errors promptly, the Tribunal upheld the additions, noting that the interest was received by the assessee and the contract receipts were admitted to be omitted. The order was pronounced on February 21, 2014, in Chennai. en-us Fri, 21 Feb 2014 00:00:00 +0530 Wed, 12 Mar 2014 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244903 The Tribunal dismissed the assessee's appeal regarding undisclosed interest and contract receipts for AY 2009-10. The assessee's discrepancies in disclosing interest income and contract receipts led to additions by the Assessing Officer, upheld by the CIT(Appeals). Despite the assessee's claims of an arithmetical mistake and lack of independent assessment by the CIT(Appeals), the Tribunal found no merit in the appeal. Emphasizing the need for diligence in rectifying errors promptly, the Tribunal upheld the additions, noting that the interest was received by the assessee and the contract receipts were admitted to be omitted. The order was pronounced on February 21, 2014, in Chennai. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244903