https://www.taxtmi.com/caselaws?id=10093 The High Court of PUNJAB AND HARYANA upheld the validity of proceedings under section 154 initiated by the Income-tax Officer regarding the taxability of interest received by the assessee-company for the assessment year 1978-79. The court ruled in favor of the Revenue, stating that the omission of the interest amount from the total income constituted a mistake apparent from the record. The court did not extensively discuss the taxability of interest as it was not directly relevant to the issues arising from the Tribunal's order. en-us Tue, 10 Aug 2004 00:00:00 +0530 Tue, 07 Jul 2009 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10093 The High Court of PUNJAB AND HARYANA upheld the validity of proceedings under section 154 initiated by the Income-tax Officer regarding the taxability of interest received by the assessee-company for the assessment year 1978-79. The court ruled in favor of the Revenue, stating that the omission of the interest amount from the total income constituted a mistake apparent from the record. The court did not extensively discuss the taxability of interest as it was not directly relevant to the issues arising from the Tribunal's order. Case-Laws Income Tax Tue, 10 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10093