https://www.taxtmi.com/caselaws?id=12381 Undisclosed sale proceeds were not taxable as the whole of income where there was no finding of any undisclosed investment in the goods sold outside the books; only the profit element embedded in the suppressed sales could be brought to tax. On that footing, the High Court held that no referable question of law arose from the Tribunal's order, and the reference application was rightly rejected. en-us Tue, 20 Apr 1999 00:00:00 +0530 Wed, 07 May 2025 09:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12381 Undisclosed sale proceeds were not taxable as the whole of income where there was no finding of any undisclosed investment in the goods sold outside the books; only the profit element embedded in the suppressed sales could be brought to tax. On that footing, the High Court held that no referable question of law arose from the Tribunal's order, and the reference application was rightly rejected. Case-Laws Income Tax Tue, 20 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12381