https://www.taxtmi.com/caselaws?id=207236 The Tribunal upheld the addition of surrendered income to the assessee's total income, emphasizing that the surrender itself could justify the addition, regardless of the manner of calculation. The Tribunal reinstated the addition challenged by the revenue, rejecting arguments that concrete evidence of underbilling was necessary. A comparison with a similar case where the addition was deleted highlighted that each case must be assessed on its own merits, leading to the dismissal of the appeal in this case and affirming the addition of surrendered income to the total income. en-us Mon, 13 Dec 2010 00:00:00 +0530 Fri, 02 Sep 2016 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207236 The Tribunal upheld the addition of surrendered income to the assessee's total income, emphasizing that the surrender itself could justify the addition, regardless of the manner of calculation. The Tribunal reinstated the addition challenged by the revenue, rejecting arguments that concrete evidence of underbilling was necessary. A comparison with a similar case where the addition was deleted highlighted that each case must be assessed on its own merits, leading to the dismissal of the appeal in this case and affirming the addition of surrendered income to the total income. Case-Laws Income Tax Mon, 13 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207236