https://www.taxtmi.com/caselaws?id=10616 The High Court upheld the Tribunal's decision in an appeal under section 260A of the Income-tax Act, 1961, regarding block assessment years 1987-88 to 1997-98. The case involved additions of unexplained investments during block assessment, specifically related to the peak investment in the liquor business and undisclosed bank accounts. The Court agreed with the Tribunal that the interest income was taxable, and no modification was necessary. The appeal was dismissed, confirming that separately assessing interest income along with unexplained investments was appropriate, and no error was found in the Tribunal's decision. en-us Fri, 10 Sep 2004 00:00:00 +0530 Mon, 20 Jul 2009 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10616 The High Court upheld the Tribunal's decision in an appeal under section 260A of the Income-tax Act, 1961, regarding block assessment years 1987-88 to 1997-98. The case involved additions of unexplained investments during block assessment, specifically related to the peak investment in the liquor business and undisclosed bank accounts. The Court agreed with the Tribunal that the interest income was taxable, and no modification was necessary. The appeal was dismissed, confirming that separately assessing interest income along with unexplained investments was appropriate, and no error was found in the Tribunal's decision. Case-Laws Income Tax Fri, 10 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10616