https://www.taxtmi.com/caselaws?id=17806 The High Court ruled in favor of the petitioner, declaring the addition of interest on deposit and interest on loan to the total income as illegal and without jurisdiction. The Court set aside the impugned orders under sections 143(1)(a) and 154 of the Income-tax Act, 1961, emphasizing the Revenue's lack of authority for such adjustments and the absence of a claim for deduction or allowance in the return. The Court disposed of the petition without awarding costs, allowing the Department to explore alternative provisions under the Act for recourse. en-us Thu, 05 Dec 1996 00:00:00 +0530 Thu, 24 Sep 2009 18:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17806 The High Court ruled in favor of the petitioner, declaring the addition of interest on deposit and interest on loan to the total income as illegal and without jurisdiction. The Court set aside the impugned orders under sections 143(1)(a) and 154 of the Income-tax Act, 1961, emphasizing the Revenue's lack of authority for such adjustments and the absence of a claim for deduction or allowance in the return. The Court disposed of the petition without awarding costs, allowing the Department to explore alternative provisions under the Act for recourse. Case-Laws Income Tax Thu, 05 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17806