https://www.taxtmi.com/caselaws?id=67550 The court held that the incomes earned by Smt. Shanti Devi and Smt. Mansa Devi should not be included in the assessee's income, resolving the dispute in favor of the assessee. The court also directed a re-examination of depreciation claims on power looms and reduced trading additions and interest levied under specific sections. Additionally, fresh evidence regarding the genuineness of Srimadhopur Textiles was admitted for further review. The court found discrepancies in the accounts of various textile businesses and concluded that certain entities were benami concerns of the assessee, leading to the clubbing of their incomes with the assessee's income. en-us Wed, 05 Dec 1990 00:00:00 +0530 Wed, 25 Dec 2019 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67550 The court held that the incomes earned by Smt. Shanti Devi and Smt. Mansa Devi should not be included in the assessee's income, resolving the dispute in favor of the assessee. The court also directed a re-examination of depreciation claims on power looms and reduced trading additions and interest levied under specific sections. Additionally, fresh evidence regarding the genuineness of Srimadhopur Textiles was admitted for further review. The court found discrepancies in the accounts of various textile businesses and concluded that certain entities were benami concerns of the assessee, leading to the clubbing of their incomes with the assessee's income. Case-Laws Benami Property Wed, 05 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67550