https://www.taxtmi.com/caselaws?id=219558 The High Court upheld the deletion of Rs. 53,98,229/- in a block assessment order for Assessment Year 1996-97, following the Commissioner's decision. The Court found that the undisclosed income from the seized Balance Sheet had already been taxed, making the additional amount unnecessary. The lack of evidence for the undisclosed stock value further supported the deletion, with the Court emphasizing the factual basis of the findings and the absence of significant legal issues. en-us Tue, 27 Nov 2012 00:00:00 +0530 Tue, 18 Dec 2012 12:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219558 The High Court upheld the deletion of Rs. 53,98,229/- in a block assessment order for Assessment Year 1996-97, following the Commissioner's decision. The Court found that the undisclosed income from the seized Balance Sheet had already been taxed, making the additional amount unnecessary. The lack of evidence for the undisclosed stock value further supported the deletion, with the Court emphasizing the factual basis of the findings and the absence of significant legal issues. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219558