https://www.taxtmi.com/caselaws?id=360448 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the revenue's appeal. The deletion of the addition for undisclosed investment was justified as the funds were traceable, no violation of Rule 46A occurred, the exemption of the principal sum in mutual funds was allowed, and assessment below the returned income with a refund was deemed valid. The order was pronounced on 14.05.2018. en-us Mon, 14 May 2018 00:00:00 +0530 Thu, 17 May 2018 05:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360448 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the revenue's appeal. The deletion of the addition for undisclosed investment was justified as the funds were traceable, no violation of Rule 46A occurred, the exemption of the principal sum in mutual funds was allowed, and assessment below the returned income with a refund was deemed valid. The order was pronounced on 14.05.2018. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360448