https://www.taxtmi.com/caselaws?id=261488 The Court dismissed the appeals challenging the Income Tax Appellate Tribunal's decision to add Rs. 15 lakhs each towards undisclosed construction expenses for two brothers who were builders. The Tribunal's adjustment in valuation based on incomplete properties was deemed appropriate, considering surrendered income and factors like wholesale material purchase. The Court found the issues to be factual rather than legal, affirming the Tribunal's discretion in the matter. en-us Thu, 21 May 2015 00:00:00 +0530 Tue, 14 Jul 2015 07:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261488 The Court dismissed the appeals challenging the Income Tax Appellate Tribunal's decision to add Rs. 15 lakhs each towards undisclosed construction expenses for two brothers who were builders. The Tribunal's adjustment in valuation based on incomplete properties was deemed appropriate, considering surrendered income and factors like wholesale material purchase. The Court found the issues to be factual rather than legal, affirming the Tribunal's discretion in the matter. Case-Laws Income Tax Thu, 21 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261488