https://www.taxtmi.com/caselaws?id=254221 The Tribunal dismissed the appeal regarding an undisclosed investment of Rs. 17,23,400 by a groundnut seed dealer, as it was part of a larger figure already assessed in previous years and could not be taxed again. The deletion of the investment was justified based on prior assessments, not a 3% estimate of sales turnover. The Tribunal upheld that the undisclosed amount had already been considered in a prior assessment and could not be taxed twice, leading to the dismissal of the appeal with no costs awarded. en-us Wed, 12 Nov 2014 00:00:00 +0530 Tue, 16 Dec 2014 06:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254221 The Tribunal dismissed the appeal regarding an undisclosed investment of Rs. 17,23,400 by a groundnut seed dealer, as it was part of a larger figure already assessed in previous years and could not be taxed again. The deletion of the investment was justified based on prior assessments, not a 3% estimate of sales turnover. The Tribunal upheld that the undisclosed amount had already been considered in a prior assessment and could not be taxed twice, leading to the dismissal of the appeal with no costs awarded. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254221