https://www.taxtmi.com/caselaws?id=261610 The appeal before the High Court, challenging orders of the Income Tax Appellate Tribunal and Commissioner (Appeals) under section 260-A of the Income Tax Act, involved a search and seizure action resulting in assessment of undisclosed income at &8377; 20 Lacs. The main issue was the deletion of an addition of &8377; 1,04,14,407/- by the appellate authorities based on unaccounted transactions. The High Court upheld the lower authorities' findings, concluding that their discretion was not perverse or illegal, leading to the dismissal of the appeal due to lack of grounds for intervention. en-us Tue, 07 Jul 2015 00:00:00 +0530 Fri, 17 Jul 2015 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261610 The appeal before the High Court, challenging orders of the Income Tax Appellate Tribunal and Commissioner (Appeals) under section 260-A of the Income Tax Act, involved a search and seizure action resulting in assessment of undisclosed income at &8377; 20 Lacs. The main issue was the deletion of an addition of &8377; 1,04,14,407/- by the appellate authorities based on unaccounted transactions. The High Court upheld the lower authorities' findings, concluding that their discretion was not perverse or illegal, leading to the dismissal of the appeal due to lack of grounds for intervention. Case-Laws Income Tax Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261610