https://www.taxtmi.com/caselaws?id=286841 The revenue's appeals against the deletion of additions on account of undisclosed investment and interest earned outside the books of account were dismissed by the ITAT. The CIT(A)'s decisions to delete these additions due to lack of concrete evidence were upheld. Additionally, the ITAT affirmed the CIT(A)'s findings regarding ownership and profit allocation of M/s. Mount Fragrances, as well as the allowance of adjustment of excess surrender against unaccounted income. The ITAT confirmed all decisions in favor of the assessee, and the revenue's appeals were rejected. en-us Fri, 23 Nov 2012 00:00:00 +0530 Tue, 17 Mar 2020 18:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286841 The revenue's appeals against the deletion of additions on account of undisclosed investment and interest earned outside the books of account were dismissed by the ITAT. The CIT(A)'s decisions to delete these additions due to lack of concrete evidence were upheld. Additionally, the ITAT affirmed the CIT(A)'s findings regarding ownership and profit allocation of M/s. Mount Fragrances, as well as the allowance of adjustment of excess surrender against unaccounted income. The ITAT confirmed all decisions in favor of the assessee, and the revenue's appeals were rejected. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286841