https://www.taxtmi.com/caselaws?id=16571 The court set aside the challenged orders demanding income tax and additional tax for the assessment year 1992-93 under the Income-tax Act, 1961. It ruled that the respondent exceeded jurisdiction by adding interest on deposit and loan, which were not considered income. The court emphasized the need for proper assessment procedures and directed the parties to bear their own costs. en-us Wed, 02 Sep 1998 00:00:00 +0530 Tue, 08 Sep 2009 15:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16571 The court set aside the challenged orders demanding income tax and additional tax for the assessment year 1992-93 under the Income-tax Act, 1961. It ruled that the respondent exceeded jurisdiction by adding interest on deposit and loan, which were not considered income. The court emphasized the need for proper assessment procedures and directed the parties to bear their own costs. Case-Laws Income Tax Wed, 02 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16571