https://www.taxtmi.com/caselaws?id=240265 The High Court ruled in favor of the assessee on both issues. It held that the amounts surrendered under the Amnesty Scheme in the names of minors who had become major and the undisclosed income found during the search operation were not to be included in the assessee's taxable income. The Tribunal's decision to delete the additions from the income and the imposition of penalties were overturned in favor of the assessee. en-us Wed, 19 Dec 2012 00:00:00 +0530 Fri, 29 Nov 2013 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240265 The High Court ruled in favor of the assessee on both issues. It held that the amounts surrendered under the Amnesty Scheme in the names of minors who had become major and the undisclosed income found during the search operation were not to be included in the assessee's taxable income. The Tribunal's decision to delete the additions from the income and the imposition of penalties were overturned in favor of the assessee. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240265