https://www.taxtmi.com/caselaws?id=244484 The High Court upheld the Tribunal's decision to reduce the civil contractor's undisclosed income for the block period, dismissing the revenue's appeal. The Court found that the appellate authorities' findings on the undisclosed income from specific projects were supported by third-party certificates and that the additions by the assessing officer were not justified. Additionally, the Court confirmed the assessment of unaccounted investments, including an investment in an IBP petrol pump, based on clear income sources. Discrepancies in seized documents and lack of evidence for alleged transactions led to the dismissal of the revenue's appeal on unaccounted receipts. en-us Tue, 04 Feb 2014 00:00:00 +0530 Tue, 11 Mar 2014 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244484 The High Court upheld the Tribunal's decision to reduce the civil contractor's undisclosed income for the block period, dismissing the revenue's appeal. The Court found that the appellate authorities' findings on the undisclosed income from specific projects were supported by third-party certificates and that the additions by the assessing officer were not justified. Additionally, the Court confirmed the assessment of unaccounted investments, including an investment in an IBP petrol pump, based on clear income sources. Discrepancies in seized documents and lack of evidence for alleged transactions led to the dismissal of the revenue's appeal on unaccounted receipts. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244484