https://www.taxtmi.com/caselaws?id=15599 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision to delete the addition of interest income received by the assessee from a company. Despite discrepancies in entries and the assessee's claim of an interest-free advance, evidence of interest payments by the company supported the inclusion of interest income. The Court emphasized the company's account entries as sufficient proof, leading to the assessment of interest income at Rs. 67,790 for the relevant year. en-us Thu, 29 Apr 1999 00:00:00 +0530 Wed, 26 Aug 2009 12:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15599 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision to delete the addition of interest income received by the assessee from a company. Despite discrepancies in entries and the assessee's claim of an interest-free advance, evidence of interest payments by the company supported the inclusion of interest income. The Court emphasized the company's account entries as sufficient proof, leading to the assessment of interest income at Rs. 67,790 for the relevant year. Case-Laws Income Tax Thu, 29 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15599