https://www.taxtmi.com/caselaws?id=221745 The High Court upheld the ITAT's decision to delete additions of undisclosed income made by the Assessing Officer. The Court found that the ITAT correctly considered the genuineness of the assessee's attempts to rectify records, his illiteracy, and nomadic lifestyle. The Tribunal accepted the credibility of the initial explanation provided by the assessee regarding the source of cash. The Court emphasized the factual nature of the issues and dismissed the Revenue's appeal, stating there was no error in the Tribunal's factual appreciation. The Tax Appeal was dismissed, and no costs were awarded. en-us Mon, 30 Jan 2012 00:00:00 +0530 Thu, 28 Mar 2013 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221745 The High Court upheld the ITAT's decision to delete additions of undisclosed income made by the Assessing Officer. The Court found that the ITAT correctly considered the genuineness of the assessee's attempts to rectify records, his illiteracy, and nomadic lifestyle. The Tribunal accepted the credibility of the initial explanation provided by the assessee regarding the source of cash. The Court emphasized the factual nature of the issues and dismissed the Revenue's appeal, stating there was no error in the Tribunal's factual appreciation. The Tax Appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221745