https://www.taxtmi.com/caselaws?id=13085 The court ruled in favor of the assessee in a case involving the interpretation of provisions under section 2(24)(iv) of the Income-tax Act, 1961 for the assessment year 1979-80. The court held that the addition of income as deemed under this section was not justified, supporting the assessee's position against the Revenue. Additionally, the court decided against the Revenue in assessing income under sections 2(24)(iv) and 17(2)(iii) for the assessment years 1978-79 and 1980-81, aligning with the assessee's interpretation of the relevant provisions and rejecting the Tribunal's view. en-us Wed, 01 Aug 2001 00:00:00 +0530 Sun, 02 May 2010 23:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13085 The court ruled in favor of the assessee in a case involving the interpretation of provisions under section 2(24)(iv) of the Income-tax Act, 1961 for the assessment year 1979-80. The court held that the addition of income as deemed under this section was not justified, supporting the assessee's position against the Revenue. Additionally, the court decided against the Revenue in assessing income under sections 2(24)(iv) and 17(2)(iii) for the assessment years 1978-79 and 1980-81, aligning with the assessee's interpretation of the relevant provisions and rejecting the Tribunal's view. Case-Laws Income Tax Wed, 01 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13085