https://www.taxtmi.com/caselaws?id=33361 The Court upheld the addition of Rs.3.17 crores as undisclosed income in the appellant's hands, rejecting the appellant's arguments regarding the method of accounting and the validity of block assessment. The Tribunal's findings, including the appellant's involvement in crediting the amount to his account and lack of evidence supporting a change in accounting method, supported the taxation of undisclosed income. The Court emphasized the appellant's prior agreement on the treatment of the amount as undisclosed income and upheld the Tribunal's decision, concluding that the undisclosed income was rightly taxed during the block period. en-us Wed, 22 Apr 2009 00:00:00 +0530 Fri, 11 Jun 2010 19:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33361 The Court upheld the addition of Rs.3.17 crores as undisclosed income in the appellant's hands, rejecting the appellant's arguments regarding the method of accounting and the validity of block assessment. The Tribunal's findings, including the appellant's involvement in crediting the amount to his account and lack of evidence supporting a change in accounting method, supported the taxation of undisclosed income. The Court emphasized the appellant's prior agreement on the treatment of the amount as undisclosed income and upheld the Tribunal's decision, concluding that the undisclosed income was rightly taxed during the block period. Case-Laws Income Tax Wed, 22 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33361