https://www.taxtmi.com/caselaws?id=2092 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the disallowance of consultancy fees paid to Ms. Magda by the Assessee, stating that the payment was for business purposes and not undisclosed income. Additionally, the High Court admitted the appeal concerning the treatment of 8854 UK pounds found in a locker as undisclosed income, focusing on whether the Tribunal was correct in law in deleting the addition of the UK pounds through telescoping. The filing of a paper book was dispensed with for this specific issue. en-us Mon, 13 Aug 2007 00:00:00 +0530 Fri, 01 Aug 2008 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2092 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the disallowance of consultancy fees paid to Ms. Magda by the Assessee, stating that the payment was for business purposes and not undisclosed income. Additionally, the High Court admitted the appeal concerning the treatment of 8854 UK pounds found in a locker as undisclosed income, focusing on whether the Tribunal was correct in law in deleting the addition of the UK pounds through telescoping. The filing of a paper book was dispensed with for this specific issue. Case-Laws Income Tax Mon, 13 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2092