https://www.taxtmi.com/caselaws?id=423613 The Tribunal partially allowed the appeal, modifying the addition of unaccounted income made by the Assessing Officer and confirmed by the CIT(A) in the case of the assessee, a Civil Contractor. The Tribunal directed the Assessing Officer to restrict the addition to 25% of the undisclosed income amount found in the undisclosed bank account maintained with Bank of Baroda, considering various factors such as audited income and expenditure details, nature of business, and unverifiable cash expenditure. en-us Wed, 08 Jun 2022 00:00:00 +0530 Fri, 10 Jun 2022 08:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423613 The Tribunal partially allowed the appeal, modifying the addition of unaccounted income made by the Assessing Officer and confirmed by the CIT(A) in the case of the assessee, a Civil Contractor. The Tribunal directed the Assessing Officer to restrict the addition to 25% of the undisclosed income amount found in the undisclosed bank account maintained with Bank of Baroda, considering various factors such as audited income and expenditure details, nature of business, and unverifiable cash expenditure. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423613