https://www.taxtmi.com/caselaws?id=352317 The Allahabad HC noted that an addition for undisclosed income from alleged private practice for assessment year 1998-99 could not rest on a survey report relating to 22.08.2000, because each assessment year is a separate unit and no independent material showed private practice during the relevant previous year. It held that an inference drawn from facts discovered two years later was insufficient to sustain the addition, and that the assessment was based on guesswork rather than cogent evidence. The related disallowance of agricultural income also failed for want of supporting material, and the addition was deleted. en-us Tue, 05 Dec 2017 00:00:00 +0530 Tue, 12 Dec 2017 09:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352317 The Allahabad HC noted that an addition for undisclosed income from alleged private practice for assessment year 1998-99 could not rest on a survey report relating to 22.08.2000, because each assessment year is a separate unit and no independent material showed private practice during the relevant previous year. It held that an inference drawn from facts discovered two years later was insufficient to sustain the addition, and that the assessment was based on guesswork rather than cogent evidence. The related disallowance of agricultural income also failed for want of supporting material, and the addition was deleted. Case-Laws Income Tax Tue, 05 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352317