https://www.taxtmi.com/caselaws?id=59593 The Tribunal allowed the assessee's appeal regarding the computation of income for the assessment year 2001-02. It found the transactions involving mutual funds to be genuine and not aimed at tax evasion. The Tribunal emphasized the legality of the transactions and distinguished them from dubious tax evasion methods. Relying on legal precedents and legislative amendments, the Tribunal directed the Assessing Officer to accept the returned income, deleting the addition made by the AO. en-us Wed, 29 Sep 2004 00:00:00 +0530 Fri, 31 Dec 2010 10:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59593 The Tribunal allowed the assessee's appeal regarding the computation of income for the assessment year 2001-02. It found the transactions involving mutual funds to be genuine and not aimed at tax evasion. The Tribunal emphasized the legality of the transactions and distinguished them from dubious tax evasion methods. Relying on legal precedents and legislative amendments, the Tribunal directed the Assessing Officer to accept the returned income, deleting the addition made by the AO. Case-Laws Income Tax Wed, 29 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59593