https://www.taxtmi.com/caselaws?id=78907 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on unexplained expenditure for construction of a farmhouse and flat. The Court upheld the Tribunal's decision, emphasizing that the Tribunal correctly interpreted seized documents and found no evidence of actual expenses incurred by the assessee. The Court concluded that the Tribunal's detailed reasoning and factual findings supported the rejection of the appeal, stating that the entries in seized materials were projections, not actual expenses. en-us Fri, 10 Sep 2010 00:00:00 +0530 Fri, 24 Dec 2010 22:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78907 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on unexplained expenditure for construction of a farmhouse and flat. The Court upheld the Tribunal's decision, emphasizing that the Tribunal correctly interpreted seized documents and found no evidence of actual expenses incurred by the assessee. The Court concluded that the Tribunal's detailed reasoning and factual findings supported the rejection of the appeal, stating that the entries in seized materials were projections, not actual expenses. Case-Laws Income Tax Fri, 10 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78907