https://www.taxtmi.com/caselaws?id=370048 The Tribunal set aside the addition of undisclosed rental income in the hands of the assessee, as there was no incriminating material connecting the assessee to the rental income. The impounded document found did not belong to the assessee but to the tenant company, and there was no confirmation of cash payment for rent security. Therefore, the Tribunal found no basis for the addition of unexplained rental income and deleted the entire amount, emphasizing the lack of credibility in the impounded document. The appeal of the assessee was allowed, and the addition was set aside. en-us Mon, 05 Nov 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370048 The Tribunal set aside the addition of undisclosed rental income in the hands of the assessee, as there was no incriminating material connecting the assessee to the rental income. The impounded document found did not belong to the assessee but to the tenant company, and there was no confirmation of cash payment for rent security. Therefore, the Tribunal found no basis for the addition of unexplained rental income and deleted the entire amount, emphasizing the lack of credibility in the impounded document. The appeal of the assessee was allowed, and the addition was set aside. Case-Laws Income Tax Mon, 05 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370048