https://www.taxtmi.com/caselaws?id=177845 The Tribunal partially allowed the appeal in a case involving the admissibility of a statement recorded under section 132(4) of the Income-tax Act, 1961, by reducing the income addition to Rs. 43,22,380. The Tribunal considered the validity of claimed expenses against undisclosed income related to on-money receipts, emphasizing the need to reflect the real income of the assessee after accounting for both receipts and business expenses. en-us Sat, 01 Nov 1997 00:00:00 +0530 Thu, 09 Feb 2017 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177845 The Tribunal partially allowed the appeal in a case involving the admissibility of a statement recorded under section 132(4) of the Income-tax Act, 1961, by reducing the income addition to Rs. 43,22,380. The Tribunal considered the validity of claimed expenses against undisclosed income related to on-money receipts, emphasizing the need to reflect the real income of the assessee after accounting for both receipts and business expenses. Case-Laws Income Tax Sat, 01 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177845