https://www.taxtmi.com/caselaws?id=383422 The Tribunal initially set aside the addition of Rs. 60 lakhs to the assessee's income based on the mother's return conceding capital gains, but later found discrepancies in the property sale amount. As the income was not disclosed and the mother's return was filed late, the undisclosed income in the assessee's account was considered earned in the relevant year. The Tribunal's decision was overturned in favor of the Revenue, concluding that the assessee had undisclosed income. The first appellate authority's order was restored, and the appeal was allowed against the assessee for tax assessment and penalty purposes. en-us Wed, 21 Nov 2018 00:00:00 +0530 Wed, 24 Jul 2019 06:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383422 The Tribunal initially set aside the addition of Rs. 60 lakhs to the assessee's income based on the mother's return conceding capital gains, but later found discrepancies in the property sale amount. As the income was not disclosed and the mother's return was filed late, the undisclosed income in the assessee's account was considered earned in the relevant year. The Tribunal's decision was overturned in favor of the Revenue, concluding that the assessee had undisclosed income. The first appellate authority's order was restored, and the appeal was allowed against the assessee for tax assessment and penalty purposes. Case-Laws Income Tax Wed, 21 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383422