https://www.taxtmi.com/caselaws?id=151712 The appeal was partly allowed with several additions being deleted, including debenture interest, dividend income, interest on short-term deposits, interest on money market securities, other interest income, rental income, income on account of suspense account, profits on sale of shares by the custodian, alleged transaction with Growmore Investments. Some issues were remanded for fresh consideration, such as assets found and seized (Lesha Steel shares) and alleged holding of shares (Apollo Tyres, ACC, G.E. Shipping). The tribunal stressed the importance of undisclosed income being based on material found during the search, not on assumptions or information from other sources. en-us Fri, 11 Jul 2008 00:00:00 +0530 Tue, 05 Nov 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151712 The appeal was partly allowed with several additions being deleted, including debenture interest, dividend income, interest on short-term deposits, interest on money market securities, other interest income, rental income, income on account of suspense account, profits on sale of shares by the custodian, alleged transaction with Growmore Investments. Some issues were remanded for fresh consideration, such as assets found and seized (Lesha Steel shares) and alleged holding of shares (Apollo Tyres, ACC, G.E. Shipping). The tribunal stressed the importance of undisclosed income being based on material found during the search, not on assumptions or information from other sources. Case-Laws Income Tax Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151712