https://www.taxtmi.com/caselaws?id=30552 The Tribunal's decision to delete the additions made by the Assessing Officer for interest income and unexplained investment in silver for the assessment years 1985-86 and 1986-87 was upheld. The Tribunal found that the investments belonged to the individual, not the HUF assessee, and that the interest income and investment in silver had already been taxed in the individual's hands. As taxing the same income twice would result in double taxation, the Tribunal concluded that no referable question of law arose, dismissing both reference applications with no order as to costs. en-us Fri, 13 Apr 2007 00:00:00 +0530 Tue, 02 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30552 The Tribunal's decision to delete the additions made by the Assessing Officer for interest income and unexplained investment in silver for the assessment years 1985-86 and 1986-87 was upheld. The Tribunal found that the investments belonged to the individual, not the HUF assessee, and that the interest income and investment in silver had already been taxed in the individual's hands. As taxing the same income twice would result in double taxation, the Tribunal concluded that no referable question of law arose, dismissing both reference applications with no order as to costs. Case-Laws Income Tax Fri, 13 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30552