https://www.taxtmi.com/caselaws?id=254136 The High Court ruled in favor of the Revenue in an appeal challenging the deletion of an addition of Rs. 9,10,000 for profit from undisclosed sales outside the books of accounts. Despite the Tribunal's deletion of the addition due to lack of systematic record-keeping, the Court found the assessee liable for earning undeclared profits. The Court directed an addition of Rs. 2 lakhs to the undisclosed income declared by the assessee, totaling Rs. 4,78,450 in surrendered profits. The appeal was disposed of without costs. en-us Tue, 09 Dec 2014 00:00:00 +0530 Fri, 12 Dec 2014 21:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254136 The High Court ruled in favor of the Revenue in an appeal challenging the deletion of an addition of Rs. 9,10,000 for profit from undisclosed sales outside the books of accounts. Despite the Tribunal's deletion of the addition due to lack of systematic record-keeping, the Court found the assessee liable for earning undeclared profits. The Court directed an addition of Rs. 2 lakhs to the undisclosed income declared by the assessee, totaling Rs. 4,78,450 in surrendered profits. The appeal was disposed of without costs. Case-Laws Income Tax Tue, 09 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254136