https://www.taxtmi.com/caselaws?id=57240 The Tribunal rejected the Revenue's additional ground of appeal challenging the deletion of an addition under s. 69 of the IT Act, ruling that the Department cannot raise new grounds not part of the original assessment. Regarding the deletion of the addition of accrued interest on IVPs, the Tribunal upheld the decision to delete the addition, emphasizing that interest only accrues when the right to receive it is acquired, which did not occur before maturity for IVPs. As a result, the appeal by the Revenue was dismissed. en-us Thu, 30 Dec 2004 00:00:00 +0530 Thu, 09 Dec 2010 11:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57240 The Tribunal rejected the Revenue's additional ground of appeal challenging the deletion of an addition under s. 69 of the IT Act, ruling that the Department cannot raise new grounds not part of the original assessment. Regarding the deletion of the addition of accrued interest on IVPs, the Tribunal upheld the decision to delete the addition, emphasizing that interest only accrues when the right to receive it is acquired, which did not occur before maturity for IVPs. As a result, the appeal by the Revenue was dismissed. Case-Laws Income Tax Thu, 30 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57240