https://www.taxtmi.com/caselaws?id=300489 The Tribunal allowed the appeals, deleting the additions of Rs. 17,00,000/- in each case, as they were based solely on fictitious balance-sheet entries created by Shri Pankaj Danawala without any benefit accruing to the assessees. The Tribunal emphasized that the assessees were victims of Shri Pankaj Danawala's actions and had not derived any real income or assets from the fictitious entries. en-us Fri, 20 Jan 2017 00:00:00 +0530 Sat, 05 Feb 2022 08:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300489 The Tribunal allowed the appeals, deleting the additions of Rs. 17,00,000/- in each case, as they were based solely on fictitious balance-sheet entries created by Shri Pankaj Danawala without any benefit accruing to the assessees. The Tribunal emphasized that the assessees were victims of Shri Pankaj Danawala's actions and had not derived any real income or assets from the fictitious entries. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300489