https://www.taxtmi.com/caselaws?id=206512 The High Court upheld the deletion of an addition of Rs.43,23,457 as undisclosed income in a reassessment under Section 148 of the Income-Tax Act for the assessment year 1995-96. The court accepted the assessee's explanation for the difference in gross receipts, leading to the deletion of the addition by the CIT (A) and Tribunal. However, the court remitted the matter back to the Assessing Officer for verification of claimed expenditure of Rs.26,88,450 on publicity expenses, emphasizing the importance of substantiating expenses to avoid additions as undisclosed income during reassessment proceedings. en-us Wed, 11 May 2011 00:00:00 +0530 Wed, 12 Oct 2011 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206512 The High Court upheld the deletion of an addition of Rs.43,23,457 as undisclosed income in a reassessment under Section 148 of the Income-Tax Act for the assessment year 1995-96. The court accepted the assessee's explanation for the difference in gross receipts, leading to the deletion of the addition by the CIT (A) and Tribunal. However, the court remitted the matter back to the Assessing Officer for verification of claimed expenditure of Rs.26,88,450 on publicity expenses, emphasizing the importance of substantiating expenses to avoid additions as undisclosed income during reassessment proceedings. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206512