https://www.taxtmi.com/caselaws?id=340555 The appeal challenged the Income Tax Appellate Tribunal's decision regarding the Assessment Year 2005-06, focusing on the deletion of Rs. 1.48 crores as income from undisclosed sources. The Tribunal upheld the deletion, considering additional evidence presented by the respondent-assessee, leading to the recognition of the amount as short term capital gain from the genuine sale of shares of Karuna Cables Ltd. The Revenue's appeal against this decision was dismissed by the Tribunal, as it found no substantial issue to warrant a different outcome, resulting in the dismissal of the appeal without costs. en-us Wed, 15 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340555 The appeal challenged the Income Tax Appellate Tribunal's decision regarding the Assessment Year 2005-06, focusing on the deletion of Rs. 1.48 crores as income from undisclosed sources. The Tribunal upheld the deletion, considering additional evidence presented by the respondent-assessee, leading to the recognition of the amount as short term capital gain from the genuine sale of shares of Karuna Cables Ltd. The Revenue's appeal against this decision was dismissed by the Tribunal, as it found no substantial issue to warrant a different outcome, resulting in the dismissal of the appeal without costs. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340555