https://www.taxtmi.com/highlights?id=88583 ITAT held that the assessee duly disclosed share holdings in a Hong Kong company during AY 2007-08, which was confirmed by prosecution and session courts. The tribunal noted no evidence of undisclosed investments or cash transactions despite a search. The appellate authority's order deleting additional income was affirmed, finding no procedural or substantive irregularities in the assessee's tax disclosures. The tribunal rejected revenue's contentions, emphasizing factual compliance with tax reporting requirements and absence of material evidence supporting undisclosed income claims. en-us Wed, 21 May 2025 08:29:07 +0530 Wed, 21 May 2025 08:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88583 ITAT held that the assessee duly disclosed share holdings in a Hong Kong company during AY 2007-08, which was confirmed by prosecution and session courts. The tribunal noted no evidence of undisclosed investments or cash transactions despite a search. The appellate authority's order deleting additional income was affirmed, finding no procedural or substantive irregularities in the assessee's tax disclosures. The tribunal rejected revenue's contentions, emphasizing factual compliance with tax reporting requirements and absence of material evidence supporting undisclosed income claims. Highlights Income Tax Wed, 21 May 2025 08:29:07 +0530 https://www.taxtmi.com/highlights?id=88583