https://www.taxtmi.com/caselaws?id=199522 The appeal contested the exclusion of specified sums, deemed as fictitious income, from the assessee's total income for two block periods. The Tribunal justified excluding the entire inflation amounts, emphasizing the assessing officer's non-dispute of the sums. The primary issue centered on the rationale for excluding inflated sales figures, with the Tribunal emphasizing the need to exclude all inflation amounts for accurate undisclosed income computation. Disputes arose over the adequacy of proof provided by the assessee and the Tribunal's finding regarding the assessing officer's stance on the inflation sums. The judgment stressed the importance of substantiated evidence and accurate assessment in determining undisclosed income. en-us Wed, 11 May 2016 00:00:00 +0530 Tue, 06 Mar 2018 09:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199522 The appeal contested the exclusion of specified sums, deemed as fictitious income, from the assessee's total income for two block periods. The Tribunal justified excluding the entire inflation amounts, emphasizing the assessing officer's non-dispute of the sums. The primary issue centered on the rationale for excluding inflated sales figures, with the Tribunal emphasizing the need to exclude all inflation amounts for accurate undisclosed income computation. Disputes arose over the adequacy of proof provided by the assessee and the Tribunal's finding regarding the assessing officer's stance on the inflation sums. The judgment stressed the importance of substantiated evidence and accurate assessment in determining undisclosed income. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199522