https://www.taxtmi.com/caselaws?id=190819 The Tribunal and High Court found no legal questions warranting reference in the case involving admission of new pleas and unaccounted receipts. The Tribunal clarified that the new plea did not contradict facts on record, and the Department failed to substantiate claims of incorrect extra expenditure. The Division Bench decision emphasized the importance of evidence in determining undisclosed income. The Tribunal concluded that the declared undisclosed income by the assessee was not less than the calculated net profit, with no significant investments evidenced. The application was rejected, and no costs were imposed. en-us Mon, 25 Oct 1999 00:00:00 +0530 Tue, 17 Feb 2026 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190819 The Tribunal and High Court found no legal questions warranting reference in the case involving admission of new pleas and unaccounted receipts. The Tribunal clarified that the new plea did not contradict facts on record, and the Department failed to substantiate claims of incorrect extra expenditure. The Division Bench decision emphasized the importance of evidence in determining undisclosed income. The Tribunal concluded that the declared undisclosed income by the assessee was not less than the calculated net profit, with no significant investments evidenced. The application was rejected, and no costs were imposed. Case-Laws Income Tax Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190819