https://www.taxtmi.com/caselaws?id=67276 The Tribunal concluded that the transactions and properties in question belonged to Nawal Kishore Mishra and not the assessee. The additions made by the ITO were mostly deleted, except for the Rs. 23,000 excess cash found during the raid. Penalties and accrued interest related to these transactions were also cancelled. The Tribunal instructed the ITO to reassess the assessee's claims for rebates on Life Insurance Premium and donations upon submission of necessary receipts. en-us Fri, 27 Feb 1976 00:00:00 +0530 Wed, 09 Mar 2011 18:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67276 The Tribunal concluded that the transactions and properties in question belonged to Nawal Kishore Mishra and not the assessee. The additions made by the ITO were mostly deleted, except for the Rs. 23,000 excess cash found during the raid. Penalties and accrued interest related to these transactions were also cancelled. The Tribunal instructed the ITO to reassess the assessee's claims for rebates on Life Insurance Premium and donations upon submission of necessary receipts. Case-Laws Income Tax Fri, 27 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67276