https://www.taxtmi.com/caselaws?id=213027 The court partially allowed the Revenue's appeals and dismissed the assessee's Cross Objection in a case involving block assessment and penalty orders for the period 1988-89 to 1997-98 under Sections 158BC and 158BFA(2) of the Income Tax Act. The court upheld the addition of Rs.1.09 crores as unaccounted payments to film directors and a film producer but restored the deletion of Rs.44.62 lakhs as advances from theatre owners. Additionally, the court ruled against the deduction claim under Section 80-IA, dismissed the claim of a loan from a sister-in-law, and sustained penalties on two undisclosed income items totaling Rs.30 lakhs under Section 158BFA(2). en-us Fri, 10 Feb 2012 00:00:00 +0530 Mon, 25 Jul 2016 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213027 The court partially allowed the Revenue's appeals and dismissed the assessee's Cross Objection in a case involving block assessment and penalty orders for the period 1988-89 to 1997-98 under Sections 158BC and 158BFA(2) of the Income Tax Act. The court upheld the addition of Rs.1.09 crores as unaccounted payments to film directors and a film producer but restored the deletion of Rs.44.62 lakhs as advances from theatre owners. Additionally, the court ruled against the deduction claim under Section 80-IA, dismissed the claim of a loan from a sister-in-law, and sustained penalties on two undisclosed income items totaling Rs.30 lakhs under Section 158BFA(2). Case-Laws Income Tax Fri, 10 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213027