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At the time of the Scrutiny Assessment of one of my client, it was
noticed that due to inadvertent oversight, the Assessee had claimed
less deduction of "Interest Expenses paid" as against as against
"Interest income earned" from the investment made out of the
borrowing. This matter was raised before the A.O. and application for
additional relief was made before the A.O. However, the A.O. did not
allowed the additional interest expenses nor did he made any reference
to the Additional relief sought by the Assessee in his Assessment
Order. I distinctly  remember of having come across on such judgement
wherein the the Hon. High Court has Directed the A.O. to assess the
"Correct Income" of the Assessee even if it amounts to giving
additional relief or refund to the Assessee even though the Assesee
has not claimed the said rebate of relief in his own IT Return. Can
you help me in find above judgement?

In above case, the Assessee is an Individual and he earns from
investments only and does not maintain regular books of accounts and
all interest payments are made by account payee cheques only."

Your early reply will be immensely be beneficial to me.