https://www.taxtmi.com/caselaws?id=427464 The appeal was filed against the addition of interest income to the assessment year 2008-09 for non-disclosure by the assessee. The CIT(A) held that income accrual does not depend on the assessee's knowledge, leading to the dismissal of the appeal. However, the Tribunal allowed the appeal regarding interest u/s 244A, as the assessing officer failed to properly intimate the interest determined, resulting in the deletion of the addition. The Tribunal upheld the charging of interest u/s 234A, 234B, and 234C, emphasizing the importance of accurate disclosure and intimation in income and interest determination under the Income Tax Act. en-us Wed, 07 Sep 2022 00:00:00 +0530 Fri, 09 Sep 2022 07:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427464 The appeal was filed against the addition of interest income to the assessment year 2008-09 for non-disclosure by the assessee. The CIT(A) held that income accrual does not depend on the assessee's knowledge, leading to the dismissal of the appeal. However, the Tribunal allowed the appeal regarding interest u/s 244A, as the assessing officer failed to properly intimate the interest determined, resulting in the deletion of the addition. The Tribunal upheld the charging of interest u/s 234A, 234B, and 234C, emphasizing the importance of accurate disclosure and intimation in income and interest determination under the Income Tax Act. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427464