https://www.taxtmi.com/caselaws?id=211718 The High Court upheld the Tribunal's decision to exclude Rs.75 lakhs donated to AIADMK and Rs.2.25 lakhs from undisclosed income, finding the assessee had provided sufficient evidence for the sources of these funds. The Court dismissed the Revenue's appeals, stating there was no error or illegality in the Tribunal's findings and emphasizing the lack of contradictory evidence presented by the Revenue. The Court also supported the Tribunal's approach of basing block assessments on materials found during the search, leading to the dismissal of the Revenue's appeals. en-us Mon, 12 Mar 2012 00:00:00 +0530 Fri, 28 Jun 2013 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211718 The High Court upheld the Tribunal's decision to exclude Rs.75 lakhs donated to AIADMK and Rs.2.25 lakhs from undisclosed income, finding the assessee had provided sufficient evidence for the sources of these funds. The Court dismissed the Revenue's appeals, stating there was no error or illegality in the Tribunal's findings and emphasizing the lack of contradictory evidence presented by the Revenue. The Court also supported the Tribunal's approach of basing block assessments on materials found during the search, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211718