https://www.taxtmi.com/caselaws?id=219402 The High Court set aside the Tribunal's decision, ruling in favor of the appellant. It held that the appellant acted as a broker for Indian Bank and that a significant sum was not the appellant's income but meant for demand drafts on behalf of the bank. The Court found the Tribunal's conclusions flawed, citing insufficient evidence and ignoring crucial facts. It emphasized the relevance of evidence from a criminal case and criticized the Tribunal's disregard for prior consistent decisions. The Court deemed the Tribunal's findings as perverse due to overlooking triple taxation issues. Consequently, the tax cases were decided in favor of the appellant, and related proceedings against them were terminated. en-us Mon, 29 Oct 2012 00:00:00 +0530 Wed, 12 Dec 2012 07:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219402 The High Court set aside the Tribunal's decision, ruling in favor of the appellant. It held that the appellant acted as a broker for Indian Bank and that a significant sum was not the appellant's income but meant for demand drafts on behalf of the bank. The Court found the Tribunal's conclusions flawed, citing insufficient evidence and ignoring crucial facts. It emphasized the relevance of evidence from a criminal case and criticized the Tribunal's disregard for prior consistent decisions. The Court deemed the Tribunal's findings as perverse due to overlooking triple taxation issues. Consequently, the tax cases were decided in favor of the appellant, and related proceedings against them were terminated. Case-Laws Income Tax Mon, 29 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219402