https://www.taxtmi.com/caselaws?id=64537 The Tribunal upheld the addition of Rs. 6,20,000 under section 68 of the Income-tax Act, holding the firm responsible for unexplained credits introduced by a partner. However, the Tribunal ruled in favor of the assessee regarding the charging of interest under sections 234A and 234B, stating that the Assessing Officer erred in charging interest without specific directions. The appeal was partly allowed, with the addition upheld but the interest charged deleted. en-us Mon, 03 Jan 2000 00:00:00 +0530 Tue, 08 Feb 2011 14:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64537 The Tribunal upheld the addition of Rs. 6,20,000 under section 68 of the Income-tax Act, holding the firm responsible for unexplained credits introduced by a partner. However, the Tribunal ruled in favor of the assessee regarding the charging of interest under sections 234A and 234B, stating that the Assessing Officer erred in charging interest without specific directions. The appeal was partly allowed, with the addition upheld but the interest charged deleted. Case-Laws Income Tax Mon, 03 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64537