https://www.taxtmi.com/caselaws?id=182187 The revenue's appeal against the CIT(A) order for the assessment year 2000-01, involving undisclosed income from share transactions and the validity of additions under section 148, was dismissed. The tribunal upheld the CIT(A)'s decision, stating that there was insufficient evidence to support the addition of undisclosed income related to transactions with a third party. The CIT(A) found that the assessee had provided legitimate contract notes for the share transactions, which were not proven false. Consequently, the revenue's appeal was rejected, affirming the CIT(A)'s order. en-us Mon, 25 May 2009 00:00:00 +0530 Wed, 04 May 2016 14:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182187 The revenue's appeal against the CIT(A) order for the assessment year 2000-01, involving undisclosed income from share transactions and the validity of additions under section 148, was dismissed. The tribunal upheld the CIT(A)'s decision, stating that there was insufficient evidence to support the addition of undisclosed income related to transactions with a third party. The CIT(A) found that the assessee had provided legitimate contract notes for the share transactions, which were not proven false. Consequently, the revenue's appeal was rejected, affirming the CIT(A)'s order. Case-Laws Income Tax Mon, 25 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182187