https://www.taxtmi.com/caselaws?id=278271 The Court upheld the Tribunal's decision to treat only 10% of the undisclosed receipts as the net profit of the assessee under section 69A of the Income Tax Act. The Tribunal's order was deemed justified based on the evidence presented, with the Court finding no infirmity in the factual inquiry conducted by the CIT (Appeal). Ultimately, the Court dismissed the appeal challenging the legality and correctness of the Tribunal's order, emphasizing its lack of merit and upholding the treatment of undisclosed income as determined by the Tribunal. en-us Wed, 30 Jul 2014 00:00:00 +0530 Tue, 22 Jan 2019 07:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278271 The Court upheld the Tribunal's decision to treat only 10% of the undisclosed receipts as the net profit of the assessee under section 69A of the Income Tax Act. The Tribunal's order was deemed justified based on the evidence presented, with the Court finding no infirmity in the factual inquiry conducted by the CIT (Appeal). Ultimately, the Court dismissed the appeal challenging the legality and correctness of the Tribunal's order, emphasizing its lack of merit and upholding the treatment of undisclosed income as determined by the Tribunal. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278271