https://www.taxtmi.com/caselaws?id=349778 Interest on enhanced compensation was treated by the Assessing Officer as the individual income of the assessee under section 56(2)(viii), with deduction under section 57(iv). The Tribunal accepted the assessee's contention that the income belonged to the Hindu undivided family and noted that the relevant HUF had already declared the income and paid tax under the disclosure scheme. On those facts, the same income could not again be assessed in the individual's hands, and the addition was deleted. en-us Wed, 18 Oct 2017 00:00:00 +0530 Wed, 25 Oct 2017 08:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349778 Interest on enhanced compensation was treated by the Assessing Officer as the individual income of the assessee under section 56(2)(viii), with deduction under section 57(iv). The Tribunal accepted the assessee's contention that the income belonged to the Hindu undivided family and noted that the relevant HUF had already declared the income and paid tax under the disclosure scheme. On those facts, the same income could not again be assessed in the individual's hands, and the addition was deleted. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349778