https://www.taxtmi.com/caselaws?id=266434 The Tribunal allowed the appeal for statistical purposes, emphasizing the need for a thorough examination of the appellant's business income and LIC commission to determine the undisclosed income accurately. The Assessing Officer's addition of peak deposit as income from undisclosed sources was adjusted by reducing the declared business income to avoid double taxation, as directed by the Ld. CIT(A). The appellant's failure to produce evidence of engagement in the business of supply of rice and grain resulted in the addition of income from undisclosed sources. The Tribunal remitted the issues back to the Assessing Officer for further examination with instructions for cooperation and submission of relevant details. en-us Tue, 01 Sep 2015 00:00:00 +0530 Tue, 20 Oct 2015 07:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266434 The Tribunal allowed the appeal for statistical purposes, emphasizing the need for a thorough examination of the appellant's business income and LIC commission to determine the undisclosed income accurately. The Assessing Officer's addition of peak deposit as income from undisclosed sources was adjusted by reducing the declared business income to avoid double taxation, as directed by the Ld. CIT(A). The appellant's failure to produce evidence of engagement in the business of supply of rice and grain resulted in the addition of income from undisclosed sources. The Tribunal remitted the issues back to the Assessing Officer for further examination with instructions for cooperation and submission of relevant details. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266434