MR.THOMAS DANIEL,PATHANAMTHITTA vs. THE ITO, WARD-4, THIRUVALLA

In the result, the appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.68/Coch/2018 Assessment Year : 2014-15

6) of section 40. The income under this clause shall be adjusted to the extent of the amount not so allowed to be deducted ; " [Emphasis Supplied] From the above relevant provisions, it is evident that the interest income is assessable under section 56 of the Act only if such interest is not assessable I.T.A. No.68 /Coch/2018 under other heads

SRI.JOSE THOMAS,ADOOR vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, the appeals of the assessesin ITA no