https://www.taxtmi.com/caselaws?id=57481 The Tribunal allowed the appeal partially, ruling in favor of the assessee. It deleted the addition of Rs. 135 lakhs under Section 68, citing the funds likely belonged to the son, who shifted unaccounted money to the father's account. The Tribunal also struck down the enhancement of Rs. 40 lakhs by the CIT(A) as it was beyond jurisdiction. The challenge to the levy of interest under Section 217 was dismissed, with automatic consequential relief granted. en-us Thu, 17 Mar 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:32:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57481 The Tribunal allowed the appeal partially, ruling in favor of the assessee. It deleted the addition of Rs. 135 lakhs under Section 68, citing the funds likely belonged to the son, who shifted unaccounted money to the father's account. The Tribunal also struck down the enhancement of Rs. 40 lakhs by the CIT(A) as it was beyond jurisdiction. The challenge to the levy of interest under Section 217 was dismissed, with automatic consequential relief granted. Case-Laws Income Tax Thu, 17 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57481