https://www.taxtmi.com/caselaws?id=210711 The Tribunal upheld the assessment of Rs. 4,21,344 as undisclosed income of the assessee under section 158BD of the Income Tax Act. The decision was based on seized documents from a partnership firm, indicating additional investments made by the assessee beyond what was declared. Despite the assessee's argument on the unreliability of the seized material, the Tribunal found the documents credible, considering them as substantial evidence supporting the assessing officer's determination of undisclosed income. The appeal was dismissed, affirming the order of the CIT(A) regarding the assessment. en-us Fri, 06 Jan 2012 00:00:00 +0530 Sat, 18 Feb 2012 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210711 The Tribunal upheld the assessment of Rs. 4,21,344 as undisclosed income of the assessee under section 158BD of the Income Tax Act. The decision was based on seized documents from a partnership firm, indicating additional investments made by the assessee beyond what was declared. Despite the assessee's argument on the unreliability of the seized material, the Tribunal found the documents credible, considering them as substantial evidence supporting the assessing officer's determination of undisclosed income. The appeal was dismissed, affirming the order of the CIT(A) regarding the assessment. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210711