https://www.taxtmi.com/caselaws?id=437671 The Tribunal allowed the appeal, stating that the additions made by the Assessing Officer and confirmed by the Commissioner were not sustainable. The Tribunal emphasized the appellant's consistent income disclosure, legitimate business activities, and availability of unutilized funds. It referred to similar cases where closing balances were deemed disclosed income, leading to the deletion of the additions in this case. en-us Fri, 23 Dec 2022 00:00:00 +0530 Fri, 12 May 2023 08:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437671 The Tribunal allowed the appeal, stating that the additions made by the Assessing Officer and confirmed by the Commissioner were not sustainable. The Tribunal emphasized the appellant's consistent income disclosure, legitimate business activities, and availability of unutilized funds. It referred to similar cases where closing balances were deemed disclosed income, leading to the deletion of the additions in this case. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437671