https://www.taxtmi.com/caselaws?id=350691 The Rajasthan High Court addressed common issues in two appeals challenging the Tribunal's decision regarding undisclosed income in bank accounts and unexplained transactions. The court emphasized the importance of evidence and explanations provided by the assessee regarding ownership and operations of the bank accounts. After considering arguments and scrutinizing transaction details, the court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the appeals. The court suggested appropriate action be taken against the implicated party due to serious discrepancies found during the proceedings. en-us Tue, 01 Aug 2017 00:00:00 +0530 Fri, 10 Nov 2017 09:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350691 The Rajasthan High Court addressed common issues in two appeals challenging the Tribunal's decision regarding undisclosed income in bank accounts and unexplained transactions. The court emphasized the importance of evidence and explanations provided by the assessee regarding ownership and operations of the bank accounts. After considering arguments and scrutinizing transaction details, the court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the appeals. The court suggested appropriate action be taken against the implicated party due to serious discrepancies found during the proceedings. Case-Laws Income Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350691