https://www.taxtmi.com/caselaws?id=247616 The Court upheld the order of the Income Tax Settlement Commission regarding undisclosed income declaration in a property transaction dispute at Motia Khan, Karol Bagh. The Court found that the respondent had made a full and true disclosure based on the property's actual value, rejecting the Revenue's claim of additional undisclosed income. The Court emphasized that the disclosed amount covered the share acquired and dismissed the challenge brought by the Commissioner of Income Tax, ruling no perversity in the Settlement Commission's order. en-us Tue, 06 May 2014 00:00:00 +0530 Tue, 17 Mar 2026 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247616 The Court upheld the order of the Income Tax Settlement Commission regarding undisclosed income declaration in a property transaction dispute at Motia Khan, Karol Bagh. The Court found that the respondent had made a full and true disclosure based on the property's actual value, rejecting the Revenue's claim of additional undisclosed income. The Court emphasized that the disclosed amount covered the share acquired and dismissed the challenge brought by the Commissioner of Income Tax, ruling no perversity in the Settlement Commission's order. Case-Laws Income Tax Tue, 06 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247616