https://www.taxtmi.com/caselaws?id=269980 The Tribunal allowed the appellant's appeal, deleting the addition of Rs. 70,00,000 as undisclosed income. The Tribunal found that the appellant adequately explained the source and utilization of the cash seized during the search operation, showing that it was part of the surrendered amount and not subject to double taxation. The Tribunal rejected the revenue's argument of double addition and held that the appellant's cash flow statement and evidence from the books of accounts were sufficient to support their position. en-us Mon, 23 Nov 2015 00:00:00 +0530 Fri, 25 Dec 2015 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269980 The Tribunal allowed the appellant's appeal, deleting the addition of Rs. 70,00,000 as undisclosed income. The Tribunal found that the appellant adequately explained the source and utilization of the cash seized during the search operation, showing that it was part of the surrendered amount and not subject to double taxation. The Tribunal rejected the revenue's argument of double addition and held that the appellant's cash flow statement and evidence from the books of accounts were sufficient to support their position. Case-Laws Income Tax Mon, 23 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269980