https://www.taxtmi.com/caselaws?id=764643 The Tribunal upheld the CIT (Appeals)'s findings regarding the computation of undisclosed income based on seized documents, specifically Annexure A/12, and corroborating affidavits from farmers. It concluded that the CIT (Appeals) correctly computed the undisclosed income, reducing the addition from Rs. 17,40,337 to Rs. 3,78,517, but sustaining the addition at Rs. 10,00,000 in line with the undisclosed income returned by the assessee. The appeal was dismissed, affirming the Tribunal's order and confirming the addition of Rs. 10,00,000 as undisclosed income from the Shilpgram Scheme. en-us Wed, 01 Jan 2025 00:00:00 +0530 Wed, 15 Jan 2025 07:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764643 The Tribunal upheld the CIT (Appeals)'s findings regarding the computation of undisclosed income based on seized documents, specifically Annexure A/12, and corroborating affidavits from farmers. It concluded that the CIT (Appeals) correctly computed the undisclosed income, reducing the addition from Rs. 17,40,337 to Rs. 3,78,517, but sustaining the addition at Rs. 10,00,000 in line with the undisclosed income returned by the assessee. The appeal was dismissed, affirming the Tribunal's order and confirming the addition of Rs. 10,00,000 as undisclosed income from the Shilpgram Scheme. Case-Laws Income Tax Wed, 01 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764643