https://www.taxtmi.com/caselaws?id=291534 The High Court upheld the Tribunal's decision in multiple appeals, stating that the Revenue's presumption under Section 132(4)(A) was not justified due to seized materials not reflecting the assessee's name. The Court directed the Tribunal to re-examine undisclosed income claims and unaccounted money lending cheques, emphasizing the need for thorough reasoning. Additionally, the Court instructed the Tribunal to review the findings on cash discovered during the search and an unaccounted amount based on a cheque. Certain appeals were dismissed, while others were allowed for reconsideration by the Tribunal based on the Court's directives. en-us Sat, 02 Aug 2014 00:00:00 +0530 Sun, 15 Nov 2020 10:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291534 The High Court upheld the Tribunal's decision in multiple appeals, stating that the Revenue's presumption under Section 132(4)(A) was not justified due to seized materials not reflecting the assessee's name. The Court directed the Tribunal to re-examine undisclosed income claims and unaccounted money lending cheques, emphasizing the need for thorough reasoning. Additionally, the Court instructed the Tribunal to review the findings on cash discovered during the search and an unaccounted amount based on a cheque. Certain appeals were dismissed, while others were allowed for reconsideration by the Tribunal based on the Court's directives. Case-Laws Income Tax Sat, 02 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291534