https://www.taxtmi.com/caselaws?id=120502 The Tribunal partially allowed the appeal, directing the deletion of the addition of Rs. 3,38,200 as concealed income under section 158BB, as some income was below the taxable limit and subject to TDS. The Tribunal also deleted the Rs. 7,82,000 addition under section 69 for alleged investment in a flat, finding the revenue authorities failed to properly consider the evidence and rebut the presumption of cash payment. The appeals were thus partly and fully allowed, respectively, in favor of the assessee. en-us Fri, 20 Jun 2008 00:00:00 +0530 Sun, 10 Dec 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120502 The Tribunal partially allowed the appeal, directing the deletion of the addition of Rs. 3,38,200 as concealed income under section 158BB, as some income was below the taxable limit and subject to TDS. The Tribunal also deleted the Rs. 7,82,000 addition under section 69 for alleged investment in a flat, finding the revenue authorities failed to properly consider the evidence and rebut the presumption of cash payment. The appeals were thus partly and fully allowed, respectively, in favor of the assessee. Case-Laws Income Tax Fri, 20 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120502