https://www.taxtmi.com/caselaws?id=217997 The High Court upheld the Tribunal's decision, dismissing the Income Tax Appeal and ruling in favor of the respondent-assessee against the revenue on all substantial questions of law raised. The additions made by the AO were deleted as the Tribunal found no evidence linking the profit earned by minors to the assessee, the hundies investment was disclosed in a later year, and the cash deposit lacked verification. The Tribunal's decision was legally sound, and the questions of law were decided in favor of the respondent-assessee. en-us Thu, 04 Oct 2012 00:00:00 +0530 Wed, 31 Oct 2012 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217997 The High Court upheld the Tribunal's decision, dismissing the Income Tax Appeal and ruling in favor of the respondent-assessee against the revenue on all substantial questions of law raised. The additions made by the AO were deleted as the Tribunal found no evidence linking the profit earned by minors to the assessee, the hundies investment was disclosed in a later year, and the cash deposit lacked verification. The Tribunal's decision was legally sound, and the questions of law were decided in favor of the respondent-assessee. Case-Laws Income Tax Thu, 04 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217997