https://www.taxtmi.com/caselaws?id=254453 The Tribunal upheld the deletion of the addition on account of NSC maturity treated as unexplained investment under Section 69 of the IT Act, as the source of investment was established. Relief was granted on additions made on interest income from various savings bank accounts and HDFC bonds. Additionally, the deletion of additions on account of accrued interest income under Section 64(ii) and interest received from family members was upheld. The assessee's Cross Objection regarding NSC interest and levy of interest under Section 234B was dismissed for lacking substance. The Tribunal affirmed the Ld. CIT(A)'s decisions, dismissing both the Revenue's appeal and the assessee's Cross Objection. en-us Fri, 12 Dec 2014 00:00:00 +0530 Tue, 23 Dec 2014 06:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254453 The Tribunal upheld the deletion of the addition on account of NSC maturity treated as unexplained investment under Section 69 of the IT Act, as the source of investment was established. Relief was granted on additions made on interest income from various savings bank accounts and HDFC bonds. Additionally, the deletion of additions on account of accrued interest income under Section 64(ii) and interest received from family members was upheld. The assessee's Cross Objection regarding NSC interest and levy of interest under Section 234B was dismissed for lacking substance. The Tribunal affirmed the Ld. CIT(A)'s decisions, dismissing both the Revenue's appeal and the assessee's Cross Objection. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254453