https://www.taxtmi.com/caselaws?id=190612 The Tribunal partially allowed the appellant's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2006-07. The Tribunal rejected the depreciation disallowance ground as the appellant's counsel did not press it. Regarding the addition of interest amount, the Tribunal agreed to tax only 1/6th of the interest amount related to the assessment year. Additionally, the Tribunal deleted the Rs. 1,00,000 agricultural income addition, considering the appellant's ownership of 40 acres of land and the previous acceptance of higher agricultural income by the Assessing Officer in the prior year. en-us Fri, 08 Oct 2010 00:00:00 +0530 Mon, 20 Feb 2017 17:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190612 The Tribunal partially allowed the appellant's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2006-07. The Tribunal rejected the depreciation disallowance ground as the appellant's counsel did not press it. Regarding the addition of interest amount, the Tribunal agreed to tax only 1/6th of the interest amount related to the assessment year. Additionally, the Tribunal deleted the Rs. 1,00,000 agricultural income addition, considering the appellant's ownership of 40 acres of land and the previous acceptance of higher agricultural income by the Assessing Officer in the prior year. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190612