https://www.taxtmi.com/caselaws?id=26321 The High Court ruled in favor of the assessee, finding insufficient evidence to support the additions made by the Income-tax Officer regarding interest income and income from lorry hire for the assessment year 1964-65. The court held that the basis used for estimating interest income was arbitrary and unsustainable, and there was a lack of material to justify the addition of lorry hire income. Consequently, the court directed each party to bear their own costs in the case. en-us Mon, 26 Nov 1984 00:00:00 +0530 Thu, 04 Feb 2010 12:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26321 The High Court ruled in favor of the assessee, finding insufficient evidence to support the additions made by the Income-tax Officer regarding interest income and income from lorry hire for the assessment year 1964-65. The court held that the basis used for estimating interest income was arbitrary and unsustainable, and there was a lack of material to justify the addition of lorry hire income. Consequently, the court directed each party to bear their own costs in the case. Case-Laws Income Tax Mon, 26 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26321