https://www.taxtmi.com/caselaws?id=10514 The court ruled in favor of the assessee, holding that the provisions of section 158B of the Income-tax Act were not attracted in the case. It emphasized that the undisclosed amount in question had been reflected in the books of account and the assessee had complied with producing the books as directed. The court also noted that the addition of undisclosed income made by the Assessing Officer lacked a proper basis and discussion. Consequently, the court deleted the addition made by the Revenue and partly allowed the appeal of the assessee. en-us Thu, 05 May 2005 00:00:00 +0530 Fri, 17 Jul 2009 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10514 The court ruled in favor of the assessee, holding that the provisions of section 158B of the Income-tax Act were not attracted in the case. It emphasized that the undisclosed amount in question had been reflected in the books of account and the assessee had complied with producing the books as directed. The court also noted that the addition of undisclosed income made by the Assessing Officer lacked a proper basis and discussion. Consequently, the court deleted the addition made by the Revenue and partly allowed the appeal of the assessee. Case-Laws Income Tax Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10514