https://www.taxtmi.com/caselaws?id=394258 The Tribunal partially allowed the appeal, deleting the addition of undisclosed income based on the treatment of on-money received and the profit element involved. The Tribunal upheld the addition of Rs. 45,50,000 as undisclosed income, as the assessee accepted the disclosure made during the survey. The Tribunal rejected the contention that the statement recorded during the survey was inadmissible and determined that no further addition was required based on the profit rate disclosed by the assessee. The Tribunal deleted the addition and partly allowed the appeal. en-us Thu, 13 Feb 2020 00:00:00 +0530 Mon, 06 Apr 2020 13:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394258 The Tribunal partially allowed the appeal, deleting the addition of undisclosed income based on the treatment of on-money received and the profit element involved. The Tribunal upheld the addition of Rs. 45,50,000 as undisclosed income, as the assessee accepted the disclosure made during the survey. The Tribunal rejected the contention that the statement recorded during the survey was inadmissible and determined that no further addition was required based on the profit rate disclosed by the assessee. The Tribunal deleted the addition and partly allowed the appeal. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394258