https://www.taxtmi.com/caselaws?id=8504 The High Court upheld the Tribunal's decision to allow the assessee to raise a new contention regarding past intangible additions and considered these additions in explaining undisclosed income. The Court emphasized procedural fairness and equitable treatment, permitting the assessee to utilize previously added intangible incomes to clarify the source of the disputed amount. This decision ensured a just outcome in the assessment process, affirming the assessee's right to explain income sources even when other explanations were rejected. en-us Wed, 18 Nov 1970 00:00:00 +0530 Mon, 27 Apr 2009 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8504 The High Court upheld the Tribunal's decision to allow the assessee to raise a new contention regarding past intangible additions and considered these additions in explaining undisclosed income. The Court emphasized procedural fairness and equitable treatment, permitting the assessee to utilize previously added intangible incomes to clarify the source of the disputed amount. This decision ensured a just outcome in the assessment process, affirming the assessee's right to explain income sources even when other explanations were rejected. Case-Laws Income Tax Wed, 18 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8504