https://www.taxtmi.com/caselaws?id=69793 The Tribunal partly allowed the appeal by upholding the application of Section 144B for the assessment year 1975-76, justifying the addition of Rs. 60,000 for excessive wastage of newsprint, and sustaining the Rs. 7,051 addition for interest on borrowed money diverted to the Directors for personal needs. en-us Sat, 30 Aug 1980 00:00:00 +0530 Tue, 12 Apr 2011 11:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69793 The Tribunal partly allowed the appeal by upholding the application of Section 144B for the assessment year 1975-76, justifying the addition of Rs. 60,000 for excessive wastage of newsprint, and sustaining the Rs. 7,051 addition for interest on borrowed money diverted to the Directors for personal needs. Case-Laws Income Tax Sat, 30 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69793