https://www.taxtmi.com/caselaws?id=26254 The High Court of Delhi upheld the Tribunal's decision to accept adjustments to the balance-sheet for the deletion of interest disallowance in the assessment of an individual for the year 1962-63. The Court found that the balance-sheet adjustments were correctly considered, leading to the deletion of the disallowed interest. Other issues, such as the determination of capital gains, accumulated profits, specific additions in the assessment, and treatment of municipal valuation, were addressed by the Court in alignment with previous judgments and legal principles, resulting in a comprehensive resolution of the case. en-us Wed, 02 Nov 1983 00:00:00 +0530 Wed, 03 Feb 2010 16:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26254 The High Court of Delhi upheld the Tribunal's decision to accept adjustments to the balance-sheet for the deletion of interest disallowance in the assessment of an individual for the year 1962-63. The Court found that the balance-sheet adjustments were correctly considered, leading to the deletion of the disallowed interest. Other issues, such as the determination of capital gains, accumulated profits, specific additions in the assessment, and treatment of municipal valuation, were addressed by the Court in alignment with previous judgments and legal principles, resulting in a comprehensive resolution of the case. Case-Laws Income Tax Wed, 02 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26254