https://www.taxtmi.com/caselaws?id=384113 The court dismissed ITR No. 226 of 1995 as infructuous due to no legal question arising. ITR No. 227 of 1995 was withdrawn by the appellant's counsel as the taxable amount was below Rs. 50 lakh, leading to its dismissal. Regarding ITR Nos. 224 and 225 of 1995, the court upheld the addition of amounts for closing stock value and interest on FDRs, deciding interest on FDRs should be included in the year of approval, not receipt. The court affirmed the Tribunal's decisions, emphasizing the need for tax adjustments if tax was paid during the proceedings, ultimately resolving all pending matters. en-us Wed, 24 Jul 2019 00:00:00 +0530 Mon, 05 Aug 2019 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384113 The court dismissed ITR No. 226 of 1995 as infructuous due to no legal question arising. ITR No. 227 of 1995 was withdrawn by the appellant's counsel as the taxable amount was below Rs. 50 lakh, leading to its dismissal. Regarding ITR Nos. 224 and 225 of 1995, the court upheld the addition of amounts for closing stock value and interest on FDRs, deciding interest on FDRs should be included in the year of approval, not receipt. The court affirmed the Tribunal's decisions, emphasizing the need for tax adjustments if tax was paid during the proceedings, ultimately resolving all pending matters. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384113