https://www.taxtmi.com/caselaws?id=234157 The Appellate Tribunal partly allowed the appeals of related assessees, deleting additional amounts based on a valuation report for bungalow construction while upholding the disallowance of expenses in one case. The Tribunal ruled against the assessee concerning the addition of undisclosed income in revised returns but found discrepancies in the AO's approach for the additional amounts added based on the valuation report. Relief was granted to the assessees with reduced tax liabilities. en-us Tue, 30 Apr 2013 00:00:00 +0530 Fri, 31 May 2013 06:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234157 The Appellate Tribunal partly allowed the appeals of related assessees, deleting additional amounts based on a valuation report for bungalow construction while upholding the disallowance of expenses in one case. The Tribunal ruled against the assessee concerning the addition of undisclosed income in revised returns but found discrepancies in the AO's approach for the additional amounts added based on the valuation report. Relief was granted to the assessees with reduced tax liabilities. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234157