https://www.taxtmi.com/caselaws?id=253092 The Court ruled in favor of the assessee on both issues. Regarding the addition of undisclosed income from alleged creditors, the Tribunal found that the revenue failed to prove the loan amounts belonged to the assessee, leading to deletion of the addition. Concerning the shares transaction, the Tribunal upheld the deletion of the addition as the payment was made post the relevant accounting year with supporting documentary evidence. The Court concurred with the Tribunal's findings, dismissing the appeal in favor of the assessee. en-us Thu, 30 Oct 2014 00:00:00 +0530 Tue, 05 May 2015 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253092 The Court ruled in favor of the assessee on both issues. Regarding the addition of undisclosed income from alleged creditors, the Tribunal found that the revenue failed to prove the loan amounts belonged to the assessee, leading to deletion of the addition. Concerning the shares transaction, the Tribunal upheld the deletion of the addition as the payment was made post the relevant accounting year with supporting documentary evidence. The Court concurred with the Tribunal's findings, dismissing the appeal in favor of the assessee. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253092