https://www.taxtmi.com/caselaws?id=13611 The High Court upheld the Tribunal's decision in the case, stating that no substantial question of law arose regarding the addition of income under section 28(iv) of the Income-tax Act, 1961. The Court agreed with the Tribunal that no income had accrued to the assessee based on the available facts. Additionally, the Court ruled in favor of the Department on the issue of charging interest under section 220(2), stating that interest could be demanded from the original due date but on the reduced amount as per the appellate order, partially allowing the appeal. en-us Wed, 08 Aug 2007 00:00:00 +0530 Tue, 30 Dec 2014 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13611 The High Court upheld the Tribunal's decision in the case, stating that no substantial question of law arose regarding the addition of income under section 28(iv) of the Income-tax Act, 1961. The Court agreed with the Tribunal that no income had accrued to the assessee based on the available facts. Additionally, the Court ruled in favor of the Department on the issue of charging interest under section 220(2), stating that interest could be demanded from the original due date but on the reduced amount as per the appellate order, partially allowing the appeal. Case-Laws Income Tax Wed, 08 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13611