https://www.taxtmi.com/caselaws?id=66804 The Tribunal partially allowed the appeal, granting relief by deleting or modifying certain additions made by the Assessing Officer. The Tribunal emphasized that deductions are not permissible from deemed income under Section 69C of the IT Act. The total relief granted was Rs. 42,97,757 out of the undisclosed income of Rs. 1,33,78,974 assessed by the AO for the assessment years 1994-95, 1995-96, and 1996-97. The AO was instructed to adjust the assessment order in accordance with the Tribunal's decision. en-us Mon, 28 Dec 1998 00:00:00 +0530 Mon, 07 Mar 2011 14:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66804 The Tribunal partially allowed the appeal, granting relief by deleting or modifying certain additions made by the Assessing Officer. The Tribunal emphasized that deductions are not permissible from deemed income under Section 69C of the IT Act. The total relief granted was Rs. 42,97,757 out of the undisclosed income of Rs. 1,33,78,974 assessed by the AO for the assessment years 1994-95, 1995-96, and 1996-97. The AO was instructed to adjust the assessment order in accordance with the Tribunal's decision. Case-Laws Income Tax Mon, 28 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66804