https://www.taxtmi.com/caselaws?id=354207 The High Court dismissed the appeal, upholding the findings of the CIT(A) and Tribunal. The court ruled in favor of the assessee, stating that the disclosed additional income should be considered under "income from other sources," allowing for the set off of business loss. Additionally, the court affirmed the treatment of seized cash under section 140A and interest calculation under section 234B, directing the Assessing Officer to calculate interest from the 120th day of seizure in compliance with statutory provisions. en-us Wed, 17 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 08:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354207 The High Court dismissed the appeal, upholding the findings of the CIT(A) and Tribunal. The court ruled in favor of the assessee, stating that the disclosed additional income should be considered under "income from other sources," allowing for the set off of business loss. Additionally, the court affirmed the treatment of seized cash under section 140A and interest calculation under section 234B, directing the Assessing Officer to calculate interest from the 120th day of seizure in compliance with statutory provisions. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354207