https://www.taxtmi.com/caselaws?id=212454 The Court rejected the Astrologer's claim that undisclosed income belonged to a Trust due to lack of evidence supporting this assertion in seized documents or statements. The Court accepted the assessee's settlement offer to add Rs.10,00,000 to the assessment, avoiding further litigation. The settlement offer was considered a reasonable compromise, leading to modification of the assessment based on the agreed amount. en-us Thu, 30 Jun 2011 00:00:00 +0530 Fri, 18 May 2012 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212454 The Court rejected the Astrologer's claim that undisclosed income belonged to a Trust due to lack of evidence supporting this assertion in seized documents or statements. The Court accepted the assessee's settlement offer to add Rs.10,00,000 to the assessment, avoiding further litigation. The settlement offer was considered a reasonable compromise, leading to modification of the assessment based on the agreed amount. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212454