https://www.taxtmi.com/caselaws?id=299417 The Tribunal upheld the assessing officer's decision to add Rs. 29 lakhs as undisclosed income for the assessment year 2008-09. The Tribunal found the assessee's explanation regarding the source of the money to be unsatisfactory, indicating material suppression of facts. Despite the claim of selling gold jewellery in Bangalore, the lack of evidence and discrepancies in the payment method led to the dismissal of the appeal. en-us Thu, 05 Sep 2013 00:00:00 +0530 Tue, 14 Dec 2021 10:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299417 The Tribunal upheld the assessing officer's decision to add Rs. 29 lakhs as undisclosed income for the assessment year 2008-09. The Tribunal found the assessee's explanation regarding the source of the money to be unsatisfactory, indicating material suppression of facts. Despite the claim of selling gold jewellery in Bangalore, the lack of evidence and discrepancies in the payment method led to the dismissal of the appeal. Case-Laws Income Tax Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299417