https://www.taxtmi.com/caselaws?id=56761 The Appellate Tribunal ITAT Allahabad dismissed all appeals related to the ownership, valuation, and income allocation in a money lending and pawning business. The case involved disputed ownership of assets seized during a search at the business premises of M/s Triloki & Co. The Tribunal upheld the CIT(A)'s findings on valuation of ornaments and cash, treatment of unexplained investments as income, and allocation of income among partners. Challenges to set off capital against investments and income earned in subsequent years were also rejected. The judgment provided a detailed analysis of the assessments and protective measures by tax authorities. en-us Sat, 24 Nov 1984 00:00:00 +0530 Mon, 06 Dec 2010 16:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56761 The Appellate Tribunal ITAT Allahabad dismissed all appeals related to the ownership, valuation, and income allocation in a money lending and pawning business. The case involved disputed ownership of assets seized during a search at the business premises of M/s Triloki & Co. The Tribunal upheld the CIT(A)'s findings on valuation of ornaments and cash, treatment of unexplained investments as income, and allocation of income among partners. Challenges to set off capital against investments and income earned in subsequent years were also rejected. The judgment provided a detailed analysis of the assessments and protective measures by tax authorities. Case-Laws Income Tax Sat, 24 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56761