https://www.taxtmi.com/caselaws?id=335290 The Tribunal allowed the appeal, directing the Assessing Officer to refund the tax paid on the disclosed but unshown income of Rs. 15 lakhs. The decision was based on the lack of correlation between the disclosed income and seized material, following precedents where vague and conditional disclosures did not warrant additions. The Tribunal emphasized the need for concrete evidence before making such additions and concluded that the refund should be granted in this case. en-us Mon, 17 Oct 2016 00:00:00 +0530 Mon, 28 Nov 2016 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335290 The Tribunal allowed the appeal, directing the Assessing Officer to refund the tax paid on the disclosed but unshown income of Rs. 15 lakhs. The decision was based on the lack of correlation between the disclosed income and seized material, following precedents where vague and conditional disclosures did not warrant additions. The Tribunal emphasized the need for concrete evidence before making such additions and concluded that the refund should be granted in this case. Case-Laws Income Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335290