https://www.taxtmi.com/caselaws?id=262959 The Tribunal dismissed the revenue's appeals in ITA Nos. 1877/Kol/2010 and 1878/Kol/2010 for the assessment year 2008-09. It confirmed that the Explanation to Section 73 was not applicable to the assessee's case, categorizing the disclosed income as income from other sources. Additionally, the seized cash was to be credited from 06-08-2008 for interest calculation under Section 234B, as the AO had adjusted the cash towards tax liability before issuing the demand notice under Section 156. en-us Thu, 13 Aug 2015 00:00:00 +0530 Wed, 30 Dec 2015 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262959 The Tribunal dismissed the revenue's appeals in ITA Nos. 1877/Kol/2010 and 1878/Kol/2010 for the assessment year 2008-09. It confirmed that the Explanation to Section 73 was not applicable to the assessee's case, categorizing the disclosed income as income from other sources. Additionally, the seized cash was to be credited from 06-08-2008 for interest calculation under Section 234B, as the AO had adjusted the cash towards tax liability before issuing the demand notice under Section 156. Case-Laws Income Tax Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262959