https://www.taxtmi.com/caselaws?id=204878 The Tribunal upheld the Assessing Officer's decision that the appellant was a benamidar of Shri Trilok Singh Dhillon, finding the funds and benefits flowed back to him. It rejected objections on the validity of Section 153C notice issuance, upheld estimation of net profit at 3% of sales, disallowed interest payment claims, and directed income adjustments in favor of Shri Trilok Singh Dhillon. Cash credits were deleted, while restaurant income assessment was referred back. The Tribunal allowed depreciation on vehicles, treated agricultural income as such, and confirmed undisclosed income additions. The Tribunal's decisions were upheld, with the AO directed to comply. en-us Mon, 29 Mar 2010 00:00:00 +0530 Wed, 22 Jun 2016 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204878 The Tribunal upheld the Assessing Officer's decision that the appellant was a benamidar of Shri Trilok Singh Dhillon, finding the funds and benefits flowed back to him. It rejected objections on the validity of Section 153C notice issuance, upheld estimation of net profit at 3% of sales, disallowed interest payment claims, and directed income adjustments in favor of Shri Trilok Singh Dhillon. Cash credits were deleted, while restaurant income assessment was referred back. The Tribunal allowed depreciation on vehicles, treated agricultural income as such, and confirmed undisclosed income additions. The Tribunal's decisions were upheld, with the AO directed to comply. Case-Laws Income Tax Mon, 29 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204878