https://www.taxtmi.com/caselaws?id=68402 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decisions on various grounds. The additions for short cash, notional interest on investments, shares, FDRs, and gifts received were deleted as they were disclosed or verifiable. Additionally, additions based on simple estimates and income already shown in regular books were also dismissed. The Tribunal emphasized that undisclosed income cannot include disclosed amounts or income below taxable limits, leading to the overall dismissal of the Department's appeal in the block assessment order. en-us Tue, 05 Jul 2005 00:00:00 +0530 Sat, 03 Sep 2011 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68402 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decisions on various grounds. The additions for short cash, notional interest on investments, shares, FDRs, and gifts received were deleted as they were disclosed or verifiable. Additionally, additions based on simple estimates and income already shown in regular books were also dismissed. The Tribunal emphasized that undisclosed income cannot include disclosed amounts or income below taxable limits, leading to the overall dismissal of the Department's appeal in the block assessment order. Case-Laws Income Tax Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68402