https://www.taxtmi.com/caselaws?id=35889 The High Court of Orissa upheld the addition of Rs. 80,000 as income from other sources in the assessment year 1960-61 and the disallowance of interest claim on the same amount in the assessment year 1961-62. The Court found that the assessee's voluntary acceptance of the peak amount precluded it from disputing the assessment later, and the interconnected nature of the cash credits and interest claim supported the Tribunal's decision. The Court rejected the assessee's contentions and affirmed the Tribunal's decision, awarding costs to the revenue. en-us Tue, 21 Apr 1981 00:00:00 +0530 Wed, 17 Mar 2010 15:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35889 The High Court of Orissa upheld the addition of Rs. 80,000 as income from other sources in the assessment year 1960-61 and the disallowance of interest claim on the same amount in the assessment year 1961-62. The Court found that the assessee's voluntary acceptance of the peak amount precluded it from disputing the assessment later, and the interconnected nature of the cash credits and interest claim supported the Tribunal's decision. The Court rejected the assessee's contentions and affirmed the Tribunal's decision, awarding costs to the revenue. Case-Laws Income Tax Tue, 21 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35889