https://www.taxtmi.com/caselaws?id=202844 The High Court upheld the Tribunal's decision to delete the addition of Rs. 3 lakhs as undisclosed income. The Court found that the promissory notes found in the locker did not all belong to the assessee and were not adequately explained. The manager and proprietor both confirmed that no money was received against these notes, supporting the assessee's explanation. As there was no substantial question of law, the appeal was dismissed without costs. en-us Thu, 12 Aug 2010 00:00:00 +0530 Wed, 26 Dec 2012 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202844 The High Court upheld the Tribunal's decision to delete the addition of Rs. 3 lakhs as undisclosed income. The Court found that the promissory notes found in the locker did not all belong to the assessee and were not adequately explained. The manager and proprietor both confirmed that no money was received against these notes, supporting the assessee's explanation. As there was no substantial question of law, the appeal was dismissed without costs. Case-Laws Income Tax Thu, 12 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202844