Non-inclusion of interest income for misplace of fixed deposit is illogical argument

Smiths Detection Asia Pacific Pte Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi held that addition of interest income on fixed deposit with Canara Bank sustainable as contention of the assessee that fixed deposit is misplaced and hence there is no question of earning any interest income is illogical.

Facts- The Assessing Officer noticed that as per Form 26AS, the assessee has received interest income of Rs. 71,51,535/- from Canara Bank. However, interest of Rs. 62,94,461/-has been d

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