https://www.taxtmi.com/caselaws?id=442102 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's final order. The Tribunal found the Assessing Officer's additions for expenses disallowance and undisclosed income unjustified, as they were based on assumptions without proper basis. The Tribunal clarified that the issues involved suppression of liability in audited books, not undisclosed investment or expenditure. The High Court upheld the Tribunal's factual findings, ruling that no substantial legal questions arose, and dismissed the appeal without costs. en-us Wed, 16 Aug 2023 00:00:00 +0530 Wed, 23 Aug 2023 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442102 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's final order. The Tribunal found the Assessing Officer's additions for expenses disallowance and undisclosed income unjustified, as they were based on assumptions without proper basis. The Tribunal clarified that the issues involved suppression of liability in audited books, not undisclosed investment or expenditure. The High Court upheld the Tribunal's factual findings, ruling that no substantial legal questions arose, and dismissed the appeal without costs. Case-Laws Income Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442102