https://www.taxtmi.com/caselaws?id=67672 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the Rs. 12,000 addition as income from undisclosed sources. The decision favored the assessee, accepting explanations regarding high denomination notes received during business transactions and emphasizing the lack of concrete evidence to prove them as undisclosed income. The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, highlighting the regular turnover and business activities of the assessee as supporting factors in the case. en-us Fri, 28 Aug 1981 00:00:00 +0530 Sat, 12 Mar 2011 12:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67672 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the Rs. 12,000 addition as income from undisclosed sources. The decision favored the assessee, accepting explanations regarding high denomination notes received during business transactions and emphasizing the lack of concrete evidence to prove them as undisclosed income. The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, highlighting the regular turnover and business activities of the assessee as supporting factors in the case. Case-Laws Income Tax Fri, 28 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67672