https://www.taxtmi.com/caselaws?id=57231 The Court upheld the decision of the CIT(A) regarding the interlacing and inter-locking of funds between two concerns, payments to agriculturists belonging to a trust, and non-compliance of directions under s. 144A. The Court found evidence of funds being intertwined between the concerns, profits being diverted and applied for the benefit of partners, and non-compliance with statutory directions, leading to the dismissal of the appellant's appeal. en-us Wed, 28 Jan 1998 00:00:00 +0530 Thu, 09 Dec 2010 10:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57231 The Court upheld the decision of the CIT(A) regarding the interlacing and inter-locking of funds between two concerns, payments to agriculturists belonging to a trust, and non-compliance of directions under s. 144A. The Court found evidence of funds being intertwined between the concerns, profits being diverted and applied for the benefit of partners, and non-compliance with statutory directions, leading to the dismissal of the appellant's appeal. Case-Laws Income Tax Wed, 28 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57231