https://www.taxtmi.com/caselaws?id=220231 The High Court set aside the Tribunal's order regarding F.D.Rs. of Rs.21,60,000 and remanded the matter for fresh consideration. The Tribunal's decision was criticized for lacking detailed analysis and specific reasons, leading to the conclusion that its findings were perverse. The Tribunal was directed to reconsider the evidence independently and come to a conclusion on the computation of the undisclosed income. The assessee's appeal was dismissed, and the Revenue's appeal was allowed and remanded for further proceedings. en-us Thu, 16 Aug 2012 00:00:00 +0530 Fri, 15 Feb 2013 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220231 The High Court set aside the Tribunal's order regarding F.D.Rs. of Rs.21,60,000 and remanded the matter for fresh consideration. The Tribunal's decision was criticized for lacking detailed analysis and specific reasons, leading to the conclusion that its findings were perverse. The Tribunal was directed to reconsider the evidence independently and come to a conclusion on the computation of the undisclosed income. The assessee's appeal was dismissed, and the Revenue's appeal was allowed and remanded for further proceedings. Case-Laws Income Tax Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220231