https://www.taxtmi.com/caselaws?id=278643 The High Court upheld the Income Tax Appellate Tribunal's decision to delete the addition made by the Assessing Officer regarding income assessment under sections 28 to 43 of the Income Tax Act, 1961. The Court also affirmed the Tribunal's application of tonnage tax provisions to miscellaneous interest income, including a specific amount of 46,10,985. The Tribunal's decisions were found to be legally sound and in accordance with the provisions of the Income Tax Act, 1961. en-us Sat, 24 Mar 2012 00:00:00 +0530 Fri, 15 Feb 2019 12:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278643 The High Court upheld the Income Tax Appellate Tribunal's decision to delete the addition made by the Assessing Officer regarding income assessment under sections 28 to 43 of the Income Tax Act, 1961. The Court also affirmed the Tribunal's application of tonnage tax provisions to miscellaneous interest income, including a specific amount of 46,10,985. The Tribunal's decisions were found to be legally sound and in accordance with the provisions of the Income Tax Act, 1961. Case-Laws Income Tax Sat, 24 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278643