https://www.taxtmi.com/caselaws?id=417380 The High Court upheld the Tribunal's decision to add Rs. 34,25,000/- as undisclosed income, dismissing the appellant's appeal. The Court found the Tribunal's findings well-founded, supported by material evidence and in accordance with legal provisions. The Court rejected the appellant's claim of waiver, emphasizing the lack of evidence and contradiction with seized documents. The addition of undisclosed income was deemed justified under Section 158BC of the Income Tax Act, 1961, based on the direct nexus of seized materials to the search documents. en-us Wed, 19 Jan 2022 00:00:00 +0530 Thu, 28 Apr 2022 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417380 The High Court upheld the Tribunal's decision to add Rs. 34,25,000/- as undisclosed income, dismissing the appellant's appeal. The Court found the Tribunal's findings well-founded, supported by material evidence and in accordance with legal provisions. The Court rejected the appellant's claim of waiver, emphasizing the lack of evidence and contradiction with seized documents. The addition of undisclosed income was deemed justified under Section 158BC of the Income Tax Act, 1961, based on the direct nexus of seized materials to the search documents. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417380