https://www.taxtmi.com/caselaws?id=238729 The High Court dismissed the income tax appeal, upholding the decisions of the CIT (A) and ITAT regarding the retraction of the surrender statement and lack of incriminating evidence. The court found no grounds to consider the questions of law raised, leading to the appeal's dismissal. The delay in filing the appeal was condoned, and the intermingling of businesses was analyzed, with the additions on undisclosed sales confirmed. The court upheld the ITAT's deletion of the addition based on the surrender statement retraction, concluding that the appeal lacked merit. en-us Thu, 24 Oct 2013 00:00:00 +0530 Wed, 30 Oct 2013 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238729 The High Court dismissed the income tax appeal, upholding the decisions of the CIT (A) and ITAT regarding the retraction of the surrender statement and lack of incriminating evidence. The court found no grounds to consider the questions of law raised, leading to the appeal's dismissal. The delay in filing the appeal was condoned, and the intermingling of businesses was analyzed, with the additions on undisclosed sales confirmed. The court upheld the ITAT's deletion of the addition based on the surrender statement retraction, concluding that the appeal lacked merit. Case-Laws Income Tax Thu, 24 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238729