https://www.taxtmi.com/caselaws?id=26001 A claim supported by material already on record may be raised before the Tribunal even if not urged earlier, and book entries do not by themselves establish accrual where the right to interest remains contingent on pending litigation; the interest was therefore not taxable. A challenge to interest levied under section 139 that denies liability altogether is appealable, and the appeal lay. Repairs expenditure on the godown was upheld on evidence. Sale proceeds of old machinery could not be finally brought to tax under section 41(2) without first ascertaining written down value, so the matter was remanded. Carried forward business loss could not be set off against rental income already characterised as income from house property. en-us Thu, 24 Apr 1986 00:00:00 +0530 Tue, 02 Feb 2010 11:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26001 A claim supported by material already on record may be raised before the Tribunal even if not urged earlier, and book entries do not by themselves establish accrual where the right to interest remains contingent on pending litigation; the interest was therefore not taxable. A challenge to interest levied under section 139 that denies liability altogether is appealable, and the appeal lay. Repairs expenditure on the godown was upheld on evidence. Sale proceeds of old machinery could not be finally brought to tax under section 41(2) without first ascertaining written down value, so the matter was remanded. Carried forward business loss could not be set off against rental income already characterised as income from house property. Case-Laws Income Tax Thu, 24 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26001