https://www.taxtmi.com/caselaws?id=38314 The Tribunal upheld the addition of Rs. 40,000 to the assessee's income as undisclosed income but questioned the justification of the order under section 104. The Tribunal ruled in favor of the assessee regarding the imposition of a penalty, emphasizing the necessity of evidence for deliberate concealment. The Tribunal found the issue of dividend distribution and the impact of the added sum on commercial profits to be complex, highlighting the importance of genuinely estimating commercial profits for dividend declarations under section 104. en-us Tue, 03 Jan 1978 00:00:00 +0530 Mon, 05 Apr 2010 13:42:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38314 The Tribunal upheld the addition of Rs. 40,000 to the assessee's income as undisclosed income but questioned the justification of the order under section 104. The Tribunal ruled in favor of the assessee regarding the imposition of a penalty, emphasizing the necessity of evidence for deliberate concealment. The Tribunal found the issue of dividend distribution and the impact of the added sum on commercial profits to be complex, highlighting the importance of genuinely estimating commercial profits for dividend declarations under section 104. Case-Laws Income Tax Tue, 03 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38314