Sec. 56 of the Income-tax Act, 1961 - Income from other sources - The question as to whether the Tribunal was legally justified in upholding the action of the AO reassessing the "interest income" of the appellant under sections 147/148 of the Act, 1961, has to be answered in the affirmative notwithstanding the fact that the AO, admittedly, on account of oversight/mistake failed to assess the interest income since there was no question of double addition which had arisen in this case. The provision of law which is relevant in the facts of the present case, is section 147 of the Act, 1961, as it deals with income escaping assessement. This particular provision of law has since undergone several amendments whereby several provisos have been introduced. The questions of law, as framed by the appellant, are answered accordingly and the appeal is disposed of by affirming the judgment and order passed by ITAT. - SURESH CHAND GUPTA V/s PR. CIT - [2020] 273 TAXMAN 066 (ALL)