https://www.taxtmi.com/caselaws?id=264691 The Tribunal upheld the addition of Rs. 43,00,000 as undisclosed income for the assessment year 2009-10, dismissing the appeal due to lack of substantial evidence and credibility in the appellant's explanation. The decision was based on discrepancies in affidavits, absence of proof of land ownership, and the unreliable nature of the agreement for the sale of property. The Tribunal emphasized the need for concrete evidence and verification of sources, ultimately finding the appellant's story implausible and lacking substance. en-us Tue, 18 Aug 2015 00:00:00 +0530 Wed, 30 Sep 2015 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264691 The Tribunal upheld the addition of Rs. 43,00,000 as undisclosed income for the assessment year 2009-10, dismissing the appeal due to lack of substantial evidence and credibility in the appellant's explanation. The decision was based on discrepancies in affidavits, absence of proof of land ownership, and the unreliable nature of the agreement for the sale of property. The Tribunal emphasized the need for concrete evidence and verification of sources, ultimately finding the appellant's story implausible and lacking substance. Case-Laws Income Tax Tue, 18 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264691