https://www.taxtmi.com/caselaws?id=79046 The High Court upheld the decisions of the CIT (Appeals) and the Tribunal, dismissing the appeals related to defective Income Tax Appeals involving family members and the purchase and sale of shares. The court found no illegality in the findings that reversed the Assessing Officer's assessment of the transactions as undeclared income, emphasizing the importance of cross-examination and the credibility of witness statements. The appeals lacked merit and were therefore dismissed. en-us Wed, 15 Sep 2010 00:00:00 +0530 Tue, 14 Nov 2017 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=79046 The High Court upheld the decisions of the CIT (Appeals) and the Tribunal, dismissing the appeals related to defective Income Tax Appeals involving family members and the purchase and sale of shares. The court found no illegality in the findings that reversed the Assessing Officer's assessment of the transactions as undeclared income, emphasizing the importance of cross-examination and the credibility of witness statements. The appeals lacked merit and were therefore dismissed. Case-Laws Income Tax Wed, 15 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=79046