https://www.taxtmi.com/caselaws?id=358296 The High Court upheld the Tribunal's decisions in DBITA No. 44/2018 and DBITA No. 45/2018, dismissing both appeals. The appellant's challenge regarding the addition of undisclosed cash receipts was rejected, as the Tribunal considered the specific details in seized documents and the appellant's past income declarations. Additionally, the penalty imposed under section 271AAA of the Act was canceled based on the appellant's explanations and previous income disclosures. The judgment highlighted the importance of assessing individual circumstances and statements in determining tax implications and penalties related to undisclosed income. en-us Mon, 02 Apr 2018 00:00:00 +0530 Mon, 09 Apr 2018 07:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358296 The High Court upheld the Tribunal's decisions in DBITA No. 44/2018 and DBITA No. 45/2018, dismissing both appeals. The appellant's challenge regarding the addition of undisclosed cash receipts was rejected, as the Tribunal considered the specific details in seized documents and the appellant's past income declarations. Additionally, the penalty imposed under section 271AAA of the Act was canceled based on the appellant's explanations and previous income disclosures. The judgment highlighted the importance of assessing individual circumstances and statements in determining tax implications and penalties related to undisclosed income. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358296