https://www.taxtmi.com/caselaws?id=334370 The Tribunal upheld the CIT(A)'s decision, confirming that the amount of Rs. 15,03,799/- shown as speculation profit was to be brought to tax as income from undisclosed sources. The Tribunal found that the assessee had not earned any speculation income but had laundered his undisclosed income through dubious transactions with M/s. Falgun Finvest. The Tribunal dismissed the appeal, concluding that the assessee failed to provide material evidence to controvert the findings of the authorities below. The assessee's appeal for A.Y. 2003-04 was dismissed. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 11 Nov 2016 11:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334370 The Tribunal upheld the CIT(A)'s decision, confirming that the amount of Rs. 15,03,799/- shown as speculation profit was to be brought to tax as income from undisclosed sources. The Tribunal found that the assessee had not earned any speculation income but had laundered his undisclosed income through dubious transactions with M/s. Falgun Finvest. The Tribunal dismissed the appeal, concluding that the assessee failed to provide material evidence to controvert the findings of the authorities below. The assessee's appeal for A.Y. 2003-04 was dismissed. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334370