https://www.taxtmi.com/caselaws?id=68175 The Tribunal upheld the deletion of accrued interest income for both assessment years, noting the consistent settlement policy of the assessee. Income from alleged benami concerns was not included as the Tribunal found them not to be benami. Disallowance of salary payment to family members was rejected due to lack of evidence of non-service. Various expenses disallowances were mostly overturned, except for payments to specific individuals pending further investigation. Interest on advances and trading addition issues were also addressed. Overall, the Department's appeal was dismissed, the Assessee's appeal was allowed, and cross-objections were partly allowed for both assessment years. en-us Wed, 04 Sep 1996 00:00:00 +0530 Thu, 17 Mar 2011 14:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68175 The Tribunal upheld the deletion of accrued interest income for both assessment years, noting the consistent settlement policy of the assessee. Income from alleged benami concerns was not included as the Tribunal found them not to be benami. Disallowance of salary payment to family members was rejected due to lack of evidence of non-service. Various expenses disallowances were mostly overturned, except for payments to specific individuals pending further investigation. Interest on advances and trading addition issues were also addressed. Overall, the Department's appeal was dismissed, the Assessee's appeal was allowed, and cross-objections were partly allowed for both assessment years. Case-Laws Income Tax Wed, 04 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68175