https://www.taxtmi.com/caselaws?id=373487 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 1,70,77,904 on account of unaccounted income from an undisclosed source. The appellant's explanation, supported by documents such as fixed deposit receipts and bank statements, convinced the Tribunal that the amount was duly accounted for in the regular books of accounts. The Revenue's contention that the deletion was erroneous was dismissed, emphasizing the importance of proper documentation and evidence to substantiate financial transactions and entries during assessment proceedings. The case underscores the significance of maintaining accurate records and providing coherent explanations to establish the legitimacy of income sources and transactions. en-us Fri, 11 Jan 2019 00:00:00 +0530 Sun, 13 Jan 2019 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373487 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 1,70,77,904 on account of unaccounted income from an undisclosed source. The appellant's explanation, supported by documents such as fixed deposit receipts and bank statements, convinced the Tribunal that the amount was duly accounted for in the regular books of accounts. The Revenue's contention that the deletion was erroneous was dismissed, emphasizing the importance of proper documentation and evidence to substantiate financial transactions and entries during assessment proceedings. The case underscores the significance of maintaining accurate records and providing coherent explanations to establish the legitimacy of income sources and transactions. Case-Laws Income Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373487