https://www.taxtmi.com/caselaws?id=49631 The court dismissed the appeals and affirmed the findings of the Income-tax authorities that the amount of Rs. 2,30,346 represented concealed business income chargeable to tax under the Excess Profits Tax Act. The court held that the orders under section 25A and section 23(3) were independent, rejecting the appellant's argument that the Income-tax Officer's findings under section 25A should bind the Department. The court also upheld the Tribunal's decision that the appellant failed to provide sufficient evidence to support the claim that the amount in question did not represent undisclosed profits. en-us Thu, 13 Nov 1958 00:00:00 +0530 Sat, 10 Nov 2018 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49631 The court dismissed the appeals and affirmed the findings of the Income-tax authorities that the amount of Rs. 2,30,346 represented concealed business income chargeable to tax under the Excess Profits Tax Act. The court held that the orders under section 25A and section 23(3) were independent, rejecting the appellant's argument that the Income-tax Officer's findings under section 25A should bind the Department. The court also upheld the Tribunal's decision that the appellant failed to provide sufficient evidence to support the claim that the amount in question did not represent undisclosed profits. Case-Laws Income Tax Thu, 13 Nov 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49631