https://www.taxtmi.com/caselaws?id=267105 The court dismissed the appeal filed by the revenue under Section 260A of the Income Tax Act, challenging the treatment of outstanding liability as income under Section 69 for the assessment year 2009-10. The court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling that the balance amount payable by the assessee could not be considered undisclosed income. The addition to the income of the assessee was rightly restricted to the payments made, leading to the appeal's dismissal due to no substantial question of law arising. en-us Thu, 13 Aug 2015 00:00:00 +0530 Fri, 30 Oct 2015 06:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267105 The court dismissed the appeal filed by the revenue under Section 260A of the Income Tax Act, challenging the treatment of outstanding liability as income under Section 69 for the assessment year 2009-10. The court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling that the balance amount payable by the assessee could not be considered undisclosed income. The addition to the income of the assessee was rightly restricted to the payments made, leading to the appeal's dismissal due to no substantial question of law arising. Case-Laws Income Tax Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267105