https://www.taxtmi.com/caselaws?id=240819 The High Court upheld the tribunal's decision regarding tax liability on surrendered undisclosed income, affirming the individual assessment over the AOP. The court supported the revision petition under Section 264, emphasizing the Commissioner's judicial duty. Additionally, the court upheld the exoneration from penalty under Section 271AAA, considering the AOP's initial disclosure and subsequent actions. The appeal was dismissed, with the court finding no basis for intervention based on the case's specifics. en-us Tue, 26 Nov 2013 00:00:00 +0530 Thu, 12 Dec 2013 09:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240819 The High Court upheld the tribunal's decision regarding tax liability on surrendered undisclosed income, affirming the individual assessment over the AOP. The court supported the revision petition under Section 264, emphasizing the Commissioner's judicial duty. Additionally, the court upheld the exoneration from penalty under Section 271AAA, considering the AOP's initial disclosure and subsequent actions. The appeal was dismissed, with the court finding no basis for intervention based on the case's specifics. Case-Laws Income Tax Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240819