https://www.taxtmi.com/caselaws?id=431098 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) to delete an addition of Rs.2,64,88,300 under Section 68 of the Income Tax Act concerning undisclosed income for Assessment Year 2014-15. The appellant, involved in brokerage business, successfully demonstrated that the investment in a property was made by a company, not personally, supported by company cash book and documents. The Tribunal found the deletion justified, ruling in favor of the appellant and dismissing the Revenue's appeal. en-us Mon, 31 Oct 2022 00:00:00 +0530 Mon, 05 Dec 2022 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431098 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) to delete an addition of Rs.2,64,88,300 under Section 68 of the Income Tax Act concerning undisclosed income for Assessment Year 2014-15. The appellant, involved in brokerage business, successfully demonstrated that the investment in a property was made by a company, not personally, supported by company cash book and documents. The Tribunal found the deletion justified, ruling in favor of the appellant and dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431098