https://www.taxtmi.com/caselaws?id=30043 The Tribunal reversed the Commissioner's order under Section 263, finding a nexus between undisclosed income and investments made by the assessee and its partners. The Tribunal determined that the undisclosed income disclosed before the Settlement Commission was linked to the investments, leading to a favorable decision for the assessee. The Tribunal's detailed analysis emphasized the importance of establishing this connection, ultimately resulting in a ruling in favor of the assessee on all issues raised. en-us Fri, 11 Jul 2008 00:00:00 +0530 Sat, 02 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30043 The Tribunal reversed the Commissioner's order under Section 263, finding a nexus between undisclosed income and investments made by the assessee and its partners. The Tribunal determined that the undisclosed income disclosed before the Settlement Commission was linked to the investments, leading to a favorable decision for the assessee. The Tribunal's detailed analysis emphasized the importance of establishing this connection, ultimately resulting in a ruling in favor of the assessee on all issues raised. Case-Laws Income Tax Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30043