https://www.taxtmi.com/caselaws?id=382392 The High Court ruled in favor of the assessee in a tax dispute case. Regarding the cost of construction of a residential building, the Court held that the assessee could not be charged with undisclosed expenditure without incriminating material. The Court also decided in favor of the assessee concerning the inclusion of investment in house property as undisclosed income in block assessment, emphasizing that a minimal difference in valuation does not justify penalization without incriminating material. The Court set aside the Tribunal's order and ruled in favor of the assessee on both issues. en-us Tue, 04 Jun 2019 00:00:00 +0530 Tue, 23 Jul 2019 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382392 The High Court ruled in favor of the assessee in a tax dispute case. Regarding the cost of construction of a residential building, the Court held that the assessee could not be charged with undisclosed expenditure without incriminating material. The Court also decided in favor of the assessee concerning the inclusion of investment in house property as undisclosed income in block assessment, emphasizing that a minimal difference in valuation does not justify penalization without incriminating material. The Court set aside the Tribunal's order and ruled in favor of the assessee on both issues. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382392