https://www.taxtmi.com/caselaws?id=176375 The Tribunal partly allowed the assessee's appeal, upholding the treatment of the surrendered income as deemed income under sections 69, 69A, and 69B of the Income-tax Act. The rejection of the trading account and addition of Rs. 1,07,278/- were affirmed due to discrepancies in stock. However, the disallowance of interest paid to relatives was reversed, as the Tribunal found no evidence of discriminatory interest rates. Other general issues, including reliance on a specific judgment, were dismissed. The order was pronounced on 25th September 2012. en-us Tue, 25 Sep 2012 00:00:00 +0530 Thu, 25 Jan 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176375 The Tribunal partly allowed the assessee's appeal, upholding the treatment of the surrendered income as deemed income under sections 69, 69A, and 69B of the Income-tax Act. The rejection of the trading account and addition of Rs. 1,07,278/- were affirmed due to discrepancies in stock. However, the disallowance of interest paid to relatives was reversed, as the Tribunal found no evidence of discriminatory interest rates. Other general issues, including reliance on a specific judgment, were dismissed. The order was pronounced on 25th September 2012. Case-Laws Income Tax Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176375