https://www.taxtmi.com/caselaws?id=78870 The Court dismissed the revenue's appeal challenging the addition of undisclosed income during the Block Assessment Period, upholding the decisions of the CIT(A) and the Tribunal. It found the assessee had provided sufficient evidence regarding the share application money, emphasizing the lack of new incriminating evidence to justify the Assessing Officer's change of opinion. The Court affirmed the legitimacy of the transaction and stressed the importance of consistent treatment of evidence in tax assessments. en-us Tue, 07 Sep 2010 00:00:00 +0530 Tue, 06 Sep 2011 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78870 The Court dismissed the revenue's appeal challenging the addition of undisclosed income during the Block Assessment Period, upholding the decisions of the CIT(A) and the Tribunal. It found the assessee had provided sufficient evidence regarding the share application money, emphasizing the lack of new incriminating evidence to justify the Assessing Officer's change of opinion. The Court affirmed the legitimacy of the transaction and stressed the importance of consistent treatment of evidence in tax assessments. Case-Laws Income Tax Tue, 07 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78870