Chartered Accountant Found Using Colorable Device to Evade Taxes; Interest Income Taxed Correctly u/s 40(a)(ia.

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....Addition on account of interest u/s 40(a)(ia) - ld. CIT (A) has rightly arrived at the decision that entire transaction of the assessee having been reflected in the return of income who being a chartered accountant was supposed to come up with clean hands, is a colourable device to evade the tax and the entire interest income has been rightly taxed under the head “income from other sources” in the hands of the assessee. - AT....