Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (8) TMI 281 - HC - Income TaxAdditions towards undisclosed income – block assessment – Tribunal has allowed deduction on account of interest accrued and embedded in the fixed deposits at the rate of Rs. 12,000 per annum – held that such deduction is not contrary to law because of the receipts recovered during the search – appellant/assessee is not entitled to any further deduction on account of the amount of interest accrued and embedded in the fixed deposits - no material indicating that additions on account of household expenses and marriage expenses sustained by tribunal were not justified
|