https://www.taxtmi.com/caselaws?id=186311 The High Court dismissed the income tax appeal, upholding the deletion of the addition of contract profit and interest from Fixed Deposit Receipts. The Court found no question of law arising from the order, supporting the CIT(A)'s justifications for the deletions based on the purpose of purchasing FDRs for security in obtaining contracts related to the business activities of the assessee. The Assessing Officer's failure to provide a hearing opportunity before making the addition of interest further supported the decision to delete the addition. en-us Thu, 19 Sep 2013 00:00:00 +0530 Tue, 15 Nov 2016 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186311 The High Court dismissed the income tax appeal, upholding the deletion of the addition of contract profit and interest from Fixed Deposit Receipts. The Court found no question of law arising from the order, supporting the CIT(A)'s justifications for the deletions based on the purpose of purchasing FDRs for security in obtaining contracts related to the business activities of the assessee. The Assessing Officer's failure to provide a hearing opportunity before making the addition of interest further supported the decision to delete the addition. Case-Laws Income Tax Thu, 19 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186311