2007 (6) TMI 65

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..... er sources " - Held that issue was debatable so that assessee claim can't be disallowed in rectification proceeding
JUDGMENT The judgment of the court was delivered by P.D.DINAKARAN, J. The above tax case appeals are directed against the order of the Income-tax Appellate Tribunal in ITA Nos.1520 & 1521/Mds/2002 dated 31.5.2006 for the assessment years 1996-97 and 1997-98 respectively, raisin .....

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..... ived is taxable under the head income from other sources. Hence, the assessee filed appeals before the Commissioner of Income Tax (Appeals). The Commissioner dismissed the appeals on the ground that the Assessing Officer had rightly rectified the assessment. On further appeals preferred by the assessee before the Income Tax Appellate Tribunal, the Tribunal, holding that the Assessing Officer has e .....

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