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SATISHCHANDRA & CO. versus COMMISSIONER OF INCOME-TAX


The correction of the error is evident from the recording of the ITO, which compared to the income from the business of the assessment year 1976 77 and the income from other sources of the assessment year as compared to interest income from 1979-80, 1980, 1980 81 81 and 81. And has been removed from the correction of the 82nd diagnosis of 1982-1981. Only business income and loss of tax revenue from other sources are exposed to interest income from deposits created by the bank's example so that the bank can be guaranteed that interest income is closely linked to business income. And was a part of the business income, in any case two amendments to the question and point of discussion are not possible on the correct Indian Income Tax Act, 1961, section 154.

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