2011 (8) TMI 1270 - HC - Income Tax

Summary

The Allahabad High Court admitted an appeal on substantial questions of law framed in the memo of appeal. The petitioner's counsel raised a question regarding the addition made by the Assessing Officer to the income of the assessee Society on account of interest accrued on a loan given to its Treasurer without making any provision for accrued interest in violation of Section 13(3) of the Income Tax Act. The case was listed for the next week.