https://www.taxtmi.com/caselaws?id=68663 The Tribunal allowed the appeal, overturning the CIT(A) and AO's decision to add Rs. 10,000 as undisclosed income during the block period. The Tribunal held that the loan received did not meet the definition of 'undisclosed income' under the relevant section, citing lack of proof of genuineness of the entry in the books, capacity of the creditor, and her identification. The addition was deemed unjustified, leading to its deletion by the Tribunal. en-us Thu, 20 Sep 2007 00:00:00 +0530 Tue, 07 Aug 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68663 The Tribunal allowed the appeal, overturning the CIT(A) and AO's decision to add Rs. 10,000 as undisclosed income during the block period. The Tribunal held that the loan received did not meet the definition of 'undisclosed income' under the relevant section, citing lack of proof of genuineness of the entry in the books, capacity of the creditor, and her identification. The addition was deemed unjustified, leading to its deletion by the Tribunal. Case-Laws Income Tax Thu, 20 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68663