https://www.taxtmi.com/caselaws?id=176117 The court upheld the Tribunal's decision that advance money received for the proposed sale of property was not genuine, adding Rs. 2,55,000 to the assessee's income. Interest income from FDRs was classified as income from other sources, not business income, contrary to the Tribunal's decision. The court affirmed the genuineness of a loan from Sh. Gulam Mohd. Dar. The Revenue prevailed on questions 1 and 2 raised by the assessee, while the Revenue's question 2 was decided against them. The judgment was sent to the Income Tax Tribunal. en-us Fri, 15 Jun 2007 00:00:00 +0530 Mon, 14 Dec 2015 10:19:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176117 The court upheld the Tribunal's decision that advance money received for the proposed sale of property was not genuine, adding Rs. 2,55,000 to the assessee's income. Interest income from FDRs was classified as income from other sources, not business income, contrary to the Tribunal's decision. The court affirmed the genuineness of a loan from Sh. Gulam Mohd. Dar. The Revenue prevailed on questions 1 and 2 raised by the assessee, while the Revenue's question 2 was decided against them. The judgment was sent to the Income Tax Tribunal. Case-Laws Income Tax Fri, 15 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176117