https://www.taxtmi.com/caselaws?id=212953 The High Court upheld the addition of undisclosed income for the assessment year 1994-95, amounting to Rs.4.5 lakhs, based on evidence recovered during a search and a distributor's statement corroborating realisation amounts. The Court considered discrepancies in statements, emphasizing the importance of documentary evidence. The Court sustained the addition of 40% share income received by the assessee from the film for 1994-95 but did not add separately for 1995-96 due to a low amount. The appeal was allowed in part, addressing block assessment cancellation and corroboration issues. en-us Fri, 10 Feb 2012 00:00:00 +0530 Wed, 02 May 2012 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212953 The High Court upheld the addition of undisclosed income for the assessment year 1994-95, amounting to Rs.4.5 lakhs, based on evidence recovered during a search and a distributor's statement corroborating realisation amounts. The Court considered discrepancies in statements, emphasizing the importance of documentary evidence. The Court sustained the addition of 40% share income received by the assessee from the film for 1994-95 but did not add separately for 1995-96 due to a low amount. The appeal was allowed in part, addressing block assessment cancellation and corroboration issues. Case-Laws Income Tax Fri, 10 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212953