https://www.taxtmi.com/caselaws?id=187127 The Tribunal upheld the ld. CIT's order directing the AO to make a specific addition of Rs. 8 lacs as undisclosed income, emphasizing the separate identity of the income. In the second appeal, the Tribunal held that specific additions out of rejected books are irrelevant and applied a net profit rate of 5% on contract work, resulting in a total income of Rs. 10,07,940/- for the year, including the Rs. 8 lacs disclosed during the survey. The first appeal was dismissed, and the second appeal was partly allowed. en-us Fri, 15 Oct 2010 00:00:00 +0530 Wed, 12 Oct 2016 11:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187127 The Tribunal upheld the ld. CIT's order directing the AO to make a specific addition of Rs. 8 lacs as undisclosed income, emphasizing the separate identity of the income. In the second appeal, the Tribunal held that specific additions out of rejected books are irrelevant and applied a net profit rate of 5% on contract work, resulting in a total income of Rs. 10,07,940/- for the year, including the Rs. 8 lacs disclosed during the survey. The first appeal was dismissed, and the second appeal was partly allowed. Case-Laws Income Tax Fri, 15 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187127