https://www.taxtmi.com/caselaws?id=220771 The High Court upheld the Tribunal's decision to delete the addition of Rs.3,25,000 and Rs.1 lakh made by the Assessing Officer, ruling that the amounts were not undisclosed income of the assessee. The Tribunal found that the first amount was an advance received for a plot purchase, and the second amount was explained as a payment from the advance received. The Court agreed that there was no perversity in the Tribunal's findings and dismissed the Revenue's appeal. en-us Wed, 27 Apr 2011 00:00:00 +0530 Fri, 08 Feb 2013 07:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220771 The High Court upheld the Tribunal's decision to delete the addition of Rs.3,25,000 and Rs.1 lakh made by the Assessing Officer, ruling that the amounts were not undisclosed income of the assessee. The Tribunal found that the first amount was an advance received for a plot purchase, and the second amount was explained as a payment from the advance received. The Court agreed that there was no perversity in the Tribunal's findings and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220771