https://www.taxtmi.com/caselaws?id=120103 The Tribunal upheld the addition of Rs. 12,00,000 as undisclosed income for the block assessment period, ruling that the money seized from the servant belonged to the assessee and was intended for a land purchase that did not materialize. Despite the assessee's claims, the lack of conclusive evidence supporting the land deal and inconsistencies in statements led to the affirmation of the addition. The Tribunal emphasized the assessee's failure to prove the money was not his income, citing the principle of human probabilities and surrounding circumstances indicating a connection to business activities. The appeal was dismissed, affirming the addition as undisclosed income. en-us Fri, 21 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 18:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120103 The Tribunal upheld the addition of Rs. 12,00,000 as undisclosed income for the block assessment period, ruling that the money seized from the servant belonged to the assessee and was intended for a land purchase that did not materialize. Despite the assessee's claims, the lack of conclusive evidence supporting the land deal and inconsistencies in statements led to the affirmation of the addition. The Tribunal emphasized the assessee's failure to prove the money was not his income, citing the principle of human probabilities and surrounding circumstances indicating a connection to business activities. The appeal was dismissed, affirming the addition as undisclosed income. Case-Laws Income Tax Fri, 21 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120103