https://www.taxtmi.com/caselaws?id=413560 The Tribunal upheld the Principal Commissioner's order under section 263, dismissing the appeal of the assessee. The judgment emphasized the importance of taxing unexplained income at higher rates and the necessity of establishing the income source to avoid erroneous tax assessments. en-us Mon, 04 Oct 2021 00:00:00 +0530 Thu, 14 Oct 2021 09:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413560 The Tribunal upheld the Principal Commissioner's order under section 263, dismissing the appeal of the assessee. The judgment emphasized the importance of taxing unexplained income at higher rates and the necessity of establishing the income source to avoid erroneous tax assessments. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413560