https://www.taxtmi.com/caselaws?id=469692 SEC-derived material and the assessee's own letters seeking spreading of the amount over assessment years and offering surrender were treated as sufficient evidence that funds had been kept outside the books for illegitimate purposes. The Delhi HC held that the Tribunal could not displace this material by relying on local investigations, and that a mere agreement to add an amount to income does not, by itself, negate concealment. On these facts, the deletion of the addition for undisclosed income was held to be unsustainable, and the issue was decided in favour of the Revenue. en-us Mon, 28 Apr 2008 00:00:00 +0530 Mon, 29 Jun 2026 18:04:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469692 SEC-derived material and the assessee's own letters seeking spreading of the amount over assessment years and offering surrender were treated as sufficient evidence that funds had been kept outside the books for illegitimate purposes. The Delhi HC held that the Tribunal could not displace this material by relying on local investigations, and that a mere agreement to add an amount to income does not, by itself, negate concealment. On these facts, the deletion of the addition for undisclosed income was held to be unsustainable, and the issue was decided in favour of the Revenue. Case-Laws Income Tax Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469692