https://www.taxtmi.com/caselaws?id=377246 The High Court allowed the appeal, ruling in favor of the Assessee and against the Revenue. The Court emphasized that the statements alone cannot lead to a sustainable addition in declared income without corroborative evidence. The Court criticized the practice of imposing tax on alleged undisclosed income without proper investigation and action against institutions involved in extortionate practices. en-us Thu, 07 Mar 2019 00:00:00 +0530 Fri, 22 Nov 2019 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377246 The High Court allowed the appeal, ruling in favor of the Assessee and against the Revenue. The Court emphasized that the statements alone cannot lead to a sustainable addition in declared income without corroborative evidence. The Court criticized the practice of imposing tax on alleged undisclosed income without proper investigation and action against institutions involved in extortionate practices. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377246