https://www.taxtmi.com/caselaws?id=386710 The Tribunal partially allowed the appeal, directing the AO to limit the addition for undisclosed receipts to Rs. 75,89,498 and the disallowance of labor expenses to Rs. 3,80,862. The decision underscores the significance of corroborative evidence in tax assessments and the principle of taxing only the profit element in undisclosed receipts. en-us Tue, 01 Oct 2019 00:00:00 +0530 Sat, 05 Oct 2019 11:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386710 The Tribunal partially allowed the appeal, directing the AO to limit the addition for undisclosed receipts to Rs. 75,89,498 and the disallowance of labor expenses to Rs. 3,80,862. The decision underscores the significance of corroborative evidence in tax assessments and the principle of taxing only the profit element in undisclosed receipts. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386710