https://www.taxtmi.com/caselaws?id=56472 The Tribunal upheld the validity of the Block Assessment Notice, confirmed additions for bogus purchases, deleted additions for unaccounted sales and deposits, upheld deletion of depreciation disallowance, directed fresh consideration on unaccounted deposits with Shroff, granted relief on interest under s. 158BFA(1), rejected appeal on penalty proceedings, and dismissed the argument against approval by Jt. CIT. The Tribunal partly allowed appeals for statistical purposes, directing further investigation and proper opportunity for the assessee in specific cases, while dismissing cross-objections. en-us Fri, 24 Jan 2003 00:00:00 +0530 Tue, 26 Apr 2016 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56472 The Tribunal upheld the validity of the Block Assessment Notice, confirmed additions for bogus purchases, deleted additions for unaccounted sales and deposits, upheld deletion of depreciation disallowance, directed fresh consideration on unaccounted deposits with Shroff, granted relief on interest under s. 158BFA(1), rejected appeal on penalty proceedings, and dismissed the argument against approval by Jt. CIT. The Tribunal partly allowed appeals for statistical purposes, directing further investigation and proper opportunity for the assessee in specific cases, while dismissing cross-objections. Case-Laws Income Tax Fri, 24 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56472