https://www.taxtmi.com/caselaws?id=181574 The Tribunal dismissed the Revenue's appeals related to undisclosed bank deposits, upholding the deletion of additions. The assessee's appeals were partly allowed, remanding the substantive assessment of income from four firms for fresh determination. The Tribunal adjusted the profit estimation for food and accommodation expenses based on similar cases. The consolidated order emphasized the importance of properly examining transactions and taxing real income, affirming the Ld.CIT(A)'s decisions on undisclosed bank deposits and substantive assessments. en-us Tue, 01 Mar 2016 00:00:00 +0530 Wed, 20 Apr 2016 09:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181574 The Tribunal dismissed the Revenue's appeals related to undisclosed bank deposits, upholding the deletion of additions. The assessee's appeals were partly allowed, remanding the substantive assessment of income from four firms for fresh determination. The Tribunal adjusted the profit estimation for food and accommodation expenses based on similar cases. The consolidated order emphasized the importance of properly examining transactions and taxing real income, affirming the Ld.CIT(A)'s decisions on undisclosed bank deposits and substantive assessments. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181574