https://www.taxtmi.com/caselaws?id=267578 The court ruled against the appellant in a tax dispute case. The appellant's challenges regarding the inclusion of income from 'seconds' in the block assessment, exclusion of such income recorded in the ledger, and addition of unexplained investment were dismissed. The court held that maintaining two sets of accounts is illegal, emphasizing that illegal accounts cannot be credible. The appellant failed to explain the source of the unexplained investment, leading to the decision that it constituted unexplained investment by the appellant-firm. The court upheld the Tribunal's decision, dismissing the appeal for lacking merit. en-us Mon, 06 Apr 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267578 The court ruled against the appellant in a tax dispute case. The appellant's challenges regarding the inclusion of income from 'seconds' in the block assessment, exclusion of such income recorded in the ledger, and addition of unexplained investment were dismissed. The court held that maintaining two sets of accounts is illegal, emphasizing that illegal accounts cannot be credible. The appellant failed to explain the source of the unexplained investment, leading to the decision that it constituted unexplained investment by the appellant-firm. The court upheld the Tribunal's decision, dismissing the appeal for lacking merit. Case-Laws Income Tax Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267578