https://www.taxtmi.com/caselaws?id=336221 The Tribunal concluded that the interest income of Rs. 33,23,178/- was not real income and should not be taxed. The addition made by the AO was deleted, and the appeal filed by the assessee was allowed. The Tribunal emphasized that only real income, not hypothetical income, can be taxed, and the partnership firm's timely correction of the journal entry mistake supported this conclusion. en-us Thu, 15 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336221 The Tribunal concluded that the interest income of Rs. 33,23,178/- was not real income and should not be taxed. The addition made by the AO was deleted, and the appeal filed by the assessee was allowed. The Tribunal emphasized that only real income, not hypothetical income, can be taxed, and the partnership firm's timely correction of the journal entry mistake supported this conclusion. Case-Laws Income Tax Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336221