https://www.taxtmi.com/caselaws?id=342434 The High Court set aside the ITAT's decision and reinstated the additions made by the AO regarding undisclosed income of Rs. 1.25 crores by the assessee. The court emphasized the importance of timely and justified retractions in tax matters, concluding that the ITAT erred in deleting the additions without sufficient justification. en-us Mon, 01 May 2017 00:00:00 +0530 Thu, 23 Jul 2026 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342434 The High Court set aside the ITAT's decision and reinstated the additions made by the AO regarding undisclosed income of Rs. 1.25 crores by the assessee. The court emphasized the importance of timely and justified retractions in tax matters, concluding that the ITAT erred in deleting the additions without sufficient justification. Case-Laws Income Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342434