https://www.taxtmi.com/caselaws?id=410279 The Tribunal upheld the CIT(A)'s orders, confirming that the assessments for AY 2007-08 and 2008-09 were barred by limitation and that the additions made under Section 68 were rightly deleted. The Tribunal also affirmed the interpretation that the term 'total income' under Section 153C/153A pertains only to the undisclosed income discovered from seized/incriminating material, and the CIT(A)'s approach was neither restrictive nor pedantic but rather in accordance with established legal principles. Consequently, both appeals by the Revenue were dismissed. en-us Fri, 18 Jun 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410279 The Tribunal upheld the CIT(A)'s orders, confirming that the assessments for AY 2007-08 and 2008-09 were barred by limitation and that the additions made under Section 68 were rightly deleted. The Tribunal also affirmed the interpretation that the term 'total income' under Section 153C/153A pertains only to the undisclosed income discovered from seized/incriminating material, and the CIT(A)'s approach was neither restrictive nor pedantic but rather in accordance with established legal principles. Consequently, both appeals by the Revenue were dismissed. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410279