https://www.taxtmi.com/caselaws?id=313064 The HC upheld the ITAT's decision, affirming the CIT(A)'s order allowing the telescoping of unaccounted income against a negative cash balance for AY 2009-10. The Court dismissed the revenue's appeal, finding no substantial question of law, as the negative balance was justified by disclosed unaccounted income during the search. en-us Tue, 17 Jul 2018 00:00:00 +0530 Wed, 25 Feb 2026 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313064 The HC upheld the ITAT's decision, affirming the CIT(A)'s order allowing the telescoping of unaccounted income against a negative cash balance for AY 2009-10. The Court dismissed the revenue's appeal, finding no substantial question of law, as the negative balance was justified by disclosed unaccounted income during the search. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313064