https://www.taxtmi.com/caselaws?id=218884 The High Court held that the communication made by the assessee did not amount to disclosure under Chapter XIV-B, remitting the matter back to the Tribunal for reconsideration. The Tribunal deleted additions such as estimated commission income, income from the sale of thorn trees, and income from a guest house. However, the Tribunal confirmed disallowances like depreciation on an air conditioner and gifts received from relatives. The Tribunal emphasized the need for concrete evidence to support additions and highlighted the inadmissibility of income estimation under block assessment provisions. en-us Wed, 25 Jul 2012 00:00:00 +0530 Wed, 17 Oct 2012 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218884 The High Court held that the communication made by the assessee did not amount to disclosure under Chapter XIV-B, remitting the matter back to the Tribunal for reconsideration. The Tribunal deleted additions such as estimated commission income, income from the sale of thorn trees, and income from a guest house. However, the Tribunal confirmed disallowances like depreciation on an air conditioner and gifts received from relatives. The Tribunal emphasized the need for concrete evidence to support additions and highlighted the inadmissibility of income estimation under block assessment provisions. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218884