https://www.taxtmi.com/caselaws?id=366734 The Tribunal allowed the appeal, overturning the decision of the lower authorities, and held that the appellant was entitled to set off an adhoc disclosure against undisclosed income for different assessment years. The decision was based on legal precedent emphasizing the consideration of the relevant previous year for such adjustments, supporting the appellant's claim for set off. The judgment did not specifically address the appellant's contention regarding the charging of interest under sections 234A, 234B, 234C & 234D of the Income Tax Act. en-us Fri, 07 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366734 The Tribunal allowed the appeal, overturning the decision of the lower authorities, and held that the appellant was entitled to set off an adhoc disclosure against undisclosed income for different assessment years. The decision was based on legal precedent emphasizing the consideration of the relevant previous year for such adjustments, supporting the appellant's claim for set off. The judgment did not specifically address the appellant's contention regarding the charging of interest under sections 234A, 234B, 234C & 234D of the Income Tax Act. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366734