https://www.taxtmi.com/caselaws?id=177262 The Tribunal ruled in favor of the assessee in a tax dispute case. Regarding the unexplained jewellery of gold ornaments, the Tribunal held that the jewellery should be treated as explained, deleting the addition of Rs. 2,88,000. In the second issue of undisclosed income for late filing of the return, the Tribunal found in favor of the assessee, stating that the income could not be treated as undisclosed income under Sec. 158BB. As a result, the addition of Rs. 24,96,525 was deleted. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 06 Jan 2016 09:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177262 The Tribunal ruled in favor of the assessee in a tax dispute case. Regarding the unexplained jewellery of gold ornaments, the Tribunal held that the jewellery should be treated as explained, deleting the addition of Rs. 2,88,000. In the second issue of undisclosed income for late filing of the return, the Tribunal found in favor of the assessee, stating that the income could not be treated as undisclosed income under Sec. 158BB. As a result, the addition of Rs. 24,96,525 was deleted. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177262