https://www.taxtmi.com/caselaws?id=200501 The appeals were partly allowed, focusing on jurisdictional aspects, merits of additions, and the charging of interest under sections 215/234B. The undisclosed income and expenses were clarified across different assessment years, ensuring fairness and compliance with legal provisions. The court's decision emphasized that income disclosed in a subsequent year cannot be taxed again in earlier years, leading to the disallowance of additions for renovation and marriage expenses in the earlier assessment years. Interest under sections 215/234B was not chargeable during reassessment, following the precedent set in Modi Industries Ltd. v. CIT [1995] 216 ITR 759/82 Taxman 377. en-us Tue, 25 May 1999 00:00:00 +0530 Sat, 31 Mar 2018 10:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200501 The appeals were partly allowed, focusing on jurisdictional aspects, merits of additions, and the charging of interest under sections 215/234B. The undisclosed income and expenses were clarified across different assessment years, ensuring fairness and compliance with legal provisions. The court's decision emphasized that income disclosed in a subsequent year cannot be taxed again in earlier years, leading to the disallowance of additions for renovation and marriage expenses in the earlier assessment years. Interest under sections 215/234B was not chargeable during reassessment, following the precedent set in Modi Industries Ltd. v. CIT [1995] 216 ITR 759/82 Taxman 377. Case-Laws Income Tax Tue, 25 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200501