https://www.taxtmi.com/caselaws?id=59542 Signed hundies found in the assessee's possession did not, by themselves, establish unexplained investment where surrounding circumstances and the signer's statement showed no money had been advanced against them, so the addition was deleted. The linked issue of cash deposits in the related bank account still required fresh examination because uncontroverted material indicated that the deposits came from the assessee, and the matter was remanded for determination within appellate limits. Disallowance of salaries was sustained for want of evidence, while bank interest remained subject to verification. The reduced estimate of commission income from cheque discounting was upheld, but the addition connected with accommodation entries in the bank account was restored in principle as routed transactions warranted taxation. en-us Thu, 11 Dec 2003 00:00:00 +0530 Thu, 30 Dec 2010 15:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59542 Signed hundies found in the assessee's possession did not, by themselves, establish unexplained investment where surrounding circumstances and the signer's statement showed no money had been advanced against them, so the addition was deleted. The linked issue of cash deposits in the related bank account still required fresh examination because uncontroverted material indicated that the deposits came from the assessee, and the matter was remanded for determination within appellate limits. Disallowance of salaries was sustained for want of evidence, while bank interest remained subject to verification. The reduced estimate of commission income from cheque discounting was upheld, but the addition connected with accommodation entries in the bank account was restored in principle as routed transactions warranted taxation. Case-Laws Income Tax Thu, 11 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59542