https://www.taxtmi.com/caselaws?id=63745 The Tribunal allowed the appeals and cross-appeals in part, deleting additions made by the ITO. It affirmed the ownership claims of Smt. Bachan Devi and Smt. Sudarshan Gupta regarding gold biscuits and other valuables. The Tribunal recognized the legitimacy of Smt. Sudarshan Gupta's business activities and assets, including the hundi business. Detailed analysis emphasized consistent statements and third-party confirmations, leading to a fair resolution based on evidence and corroboration. en-us Wed, 28 Mar 1990 00:00:00 +0530 Tue, 01 Feb 2011 16:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63745 The Tribunal allowed the appeals and cross-appeals in part, deleting additions made by the ITO. It affirmed the ownership claims of Smt. Bachan Devi and Smt. Sudarshan Gupta regarding gold biscuits and other valuables. The Tribunal recognized the legitimacy of Smt. Sudarshan Gupta's business activities and assets, including the hundi business. Detailed analysis emphasized consistent statements and third-party confirmations, leading to a fair resolution based on evidence and corroboration. Case-Laws Income Tax Wed, 28 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63745