https://www.taxtmi.com/caselaws?id=66720 The department's appeal was dismissed, and the assessee's appeal and cross objection were partly allowed. The Tribunal upheld additions towards understatement of gross profit and cash credits in one instance but deleted them in another due to substantial means of the individuals involved. The inclusion of income from a separate business was rejected, confirming it as an independent entity. The levy of interest under Section 217 was upheld, with the Tribunal stating that no appeal lies against such levy, only allowing for a reduction in the quantum of interest. en-us Fri, 26 Nov 1976 00:00:00 +0530 Sat, 05 Mar 2011 18:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66720 The department's appeal was dismissed, and the assessee's appeal and cross objection were partly allowed. The Tribunal upheld additions towards understatement of gross profit and cash credits in one instance but deleted them in another due to substantial means of the individuals involved. The inclusion of income from a separate business was rejected, confirming it as an independent entity. The levy of interest under Section 217 was upheld, with the Tribunal stating that no appeal lies against such levy, only allowing for a reduction in the quantum of interest. Case-Laws Income Tax Fri, 26 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66720