https://www.taxtmi.com/caselaws?id=168915 The Tribunal upheld the decision of the ld. CIT (Appeals) in the appeal against the order for assessment year 2008-09. The addition made on account of 'Suspense Individual and Society' was found not to be income of the assessee, as the amount belonged to depositors. Therefore, the Tribunal dismissed the Revenue's appeal, affirming that unless the amount became income of the assessee, no addition could be made. Additionally, the Tribunal agreed with the deletion of the addition on account of interest income, as the funds were available to the assessee for free and were not subject to notional interest. en-us Wed, 22 Jun 2011 00:00:00 +0530 Mon, 06 Apr 2015 11:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168915 The Tribunal upheld the decision of the ld. CIT (Appeals) in the appeal against the order for assessment year 2008-09. The addition made on account of 'Suspense Individual and Society' was found not to be income of the assessee, as the amount belonged to depositors. Therefore, the Tribunal dismissed the Revenue's appeal, affirming that unless the amount became income of the assessee, no addition could be made. Additionally, the Tribunal agreed with the deletion of the addition on account of interest income, as the funds were available to the assessee for free and were not subject to notional interest. Case-Laws Income Tax Wed, 22 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168915