https://www.taxtmi.com/caselaws?id=328988 The High Court upheld the Tribunal's decision to delete interest income addition based on alleged advances treated as accrued interest. The Assessing Officer's calculation from seized documents was disputed by the assessee, claiming lack of evidence of earned interest. The Tribunal found no conclusive evidence linking the entries to the assessee, granting the benefit of doubt. The High Court emphasized the lack of substantial material supporting the addition, affirming the Tribunal's judgment and dismissing the Tax Appeal due to the absence of any legal questions arising from the findings. en-us Tue, 07 Jun 2016 00:00:00 +0530 Mon, 20 Jun 2016 12:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328988 The High Court upheld the Tribunal's decision to delete interest income addition based on alleged advances treated as accrued interest. The Assessing Officer's calculation from seized documents was disputed by the assessee, claiming lack of evidence of earned interest. The Tribunal found no conclusive evidence linking the entries to the assessee, granting the benefit of doubt. The High Court emphasized the lack of substantial material supporting the addition, affirming the Tribunal's judgment and dismissing the Tax Appeal due to the absence of any legal questions arising from the findings. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328988