https://www.taxtmi.com/caselaws?id=161191 The High Court upheld the Tribunal's decision to delete the addition of cash deposits in bank accounts during block assessment. The Tribunal found that the cash deposits were recorded in the regular books of account, making them not undisclosed income under relevant sections of the Income-tax Act. The Court considered the Tribunal's findings as factual and in line with established legal precedents, concluding that no substantial question of law arose for consideration. This case emphasizes the significance of maintaining proper books of account and the limitations of block assessment proceedings. en-us Mon, 29 Sep 2008 00:00:00 +0530 Thu, 09 Jan 2014 10:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161191 The High Court upheld the Tribunal's decision to delete the addition of cash deposits in bank accounts during block assessment. The Tribunal found that the cash deposits were recorded in the regular books of account, making them not undisclosed income under relevant sections of the Income-tax Act. The Court considered the Tribunal's findings as factual and in line with established legal precedents, concluding that no substantial question of law arose for consideration. This case emphasizes the significance of maintaining proper books of account and the limitations of block assessment proceedings. Case-Laws Income Tax Mon, 29 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161191