https://www.taxtmi.com/caselaws?id=417119 The Tribunal upheld the CIT(A)'s decision to delete additions of unaccounted capital, surplus profit, and undisclosed interest based on transactions found on cloud data. The Tribunal found that the data was owned up by another group before the Settlement Commission, which had already been taxed on the undisclosed income. Emphasizing consistency with a similar case, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the additions in favor of the appellant. en-us Mon, 03 Jan 2022 00:00:00 +0530 Sat, 15 Jan 2022 08:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417119 The Tribunal upheld the CIT(A)'s decision to delete additions of unaccounted capital, surplus profit, and undisclosed interest based on transactions found on cloud data. The Tribunal found that the data was owned up by another group before the Settlement Commission, which had already been taxed on the undisclosed income. Emphasizing consistency with a similar case, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the additions in favor of the appellant. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417119