https://www.taxtmi.com/caselaws?id=71819 The Tribunal partially allowed the assessee's appeal, directing the deletion of certain additions and confirming others. It held that the amounts noted on the piece of paper represented borrowings used to acquire assets, not advances due. The Tribunal emphasized avoiding double taxation and instructed the Assessing Officer to consider the explanations provided by the assessee judiciously. en-us Mon, 07 Nov 1994 00:00:00 +0530 Wed, 27 Apr 2011 12:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71819 The Tribunal partially allowed the assessee's appeal, directing the deletion of certain additions and confirming others. It held that the amounts noted on the piece of paper represented borrowings used to acquire assets, not advances due. The Tribunal emphasized avoiding double taxation and instructed the Assessing Officer to consider the explanations provided by the assessee judiciously. Case-Laws Income Tax Mon, 07 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71819