https://www.taxtmi.com/caselaws?id=180428 The Tribunal partially allowed the assessee's appeals, ruling that only the net profit should be considered as undisclosed income, exempting the sale proceeds of agricultural land from taxation, and giving credit for the opening cash balance. The disallowance under section 40A(3) for cash payments towards agricultural land purchase was deleted. The Revenue's appeals were dismissed. en-us Fri, 18 May 2012 00:00:00 +0530 Fri, 07 Jul 2017 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180428 The Tribunal partially allowed the assessee's appeals, ruling that only the net profit should be considered as undisclosed income, exempting the sale proceeds of agricultural land from taxation, and giving credit for the opening cash balance. The disallowance under section 40A(3) for cash payments towards agricultural land purchase was deleted. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180428