https://www.taxtmi.com/caselaws?id=123051 The Tribunal dismissed the revenue's appeals as the embezzlement charges were invalidated by the Tribunal and High Court decisions. The cross-objections by the assessee were allowed, emphasizing that the additions made by the Assessing Officer could not be sustained due to the quashing of the embezzlement charges. The judgment highlighted the importance of legal rulings in determining the validity of additions in assessments based on disputed charges. en-us Mon, 10 May 2010 00:00:00 +0530 Thu, 30 Aug 2012 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123051 The Tribunal dismissed the revenue's appeals as the embezzlement charges were invalidated by the Tribunal and High Court decisions. The cross-objections by the assessee were allowed, emphasizing that the additions made by the Assessing Officer could not be sustained due to the quashing of the embezzlement charges. The judgment highlighted the importance of legal rulings in determining the validity of additions in assessments based on disputed charges. Case-Laws Income Tax Mon, 10 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123051