https://www.taxtmi.com/caselaws?id=20737 The court ruled in favor of the assessee for the assessment years 1972-73 and 1973-74, upholding the Tribunal's decision to delete the additions made by the Income-tax Officer. The court emphasized that the assessee was entitled to a fixed amount from the company and rejected the Revenue's claims of tax evasion. Relying on the precedent set by the Shobhna Pictures case, the court found no evidence supporting tax evasion allegations against the assessee and concluded that the additions made by the Income-tax Officer were unjustified. en-us Thu, 18 Feb 1993 00:00:00 +0530 Mon, 16 Nov 2009 18:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20737 The court ruled in favor of the assessee for the assessment years 1972-73 and 1973-74, upholding the Tribunal's decision to delete the additions made by the Income-tax Officer. The court emphasized that the assessee was entitled to a fixed amount from the company and rejected the Revenue's claims of tax evasion. Relying on the precedent set by the Shobhna Pictures case, the court found no evidence supporting tax evasion allegations against the assessee and concluded that the additions made by the Income-tax Officer were unjustified. Case-Laws Income Tax Thu, 18 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20737