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2014 (4) TMI 316 - CALCUTTA HIGH COURTReceipt of interest income - Non disclosure of Interest received on delayed payment of price of raw jute - assessee contended that he had received interest and had passed on the same to the suppliers of jute. - The Tribunal was of the view that the assessee has not been able to establish that the interest was passed to the constituents - the issue of addition as income from other sources - the question formulated at the time of admission of the appeal - It cannot be said that the view taken by any of the authorities is inconsistent or arbitrary - Even before the Tribunal, the assessee did not disclose any evidence, far less satisfactory evidence, to show that the money admittedly received by him on account of interest was passed on to the suppliers of jute – Decided against Assessee.
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