https://www.taxtmi.com/caselaws?id=67988 The Tribunal allowed the appeal in part by deleting additions related to unexplained cash and interest income, permitting business expenses in full, and instructing the ITO to reassess the levy of interest under sections 139(8) and 215. The Tribunal rejected the Revenue's claim that the assessee was a benami owner of the business, concluding it was baseless and unsupported by evidence. en-us Mon, 23 May 1988 00:00:00 +0530 Wed, 16 Mar 2011 12:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67988 The Tribunal allowed the appeal in part by deleting additions related to unexplained cash and interest income, permitting business expenses in full, and instructing the ITO to reassess the levy of interest under sections 139(8) and 215. The Tribunal rejected the Revenue's claim that the assessee was a benami owner of the business, concluding it was baseless and unsupported by evidence. Case-Laws Income Tax Mon, 23 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67988