https://www.taxtmi.com/caselaws?id=58590 The Appellate Tribunal upheld the decision to treat cash amounts disclosed in the trading accounts of an individual engaged in construction business as income from the business of construction and selling showrooms for the assessment years 1980-81 and 1981-82. The Tribunal found the explanation provided by the assessee regarding the nature and source of the sums credited to be satisfactory, concluding that the amounts should be considered as trading receipts. The appeals were dismissed, affirming the treatment of the cash amounts as income from the business activities, in accordance with legal precedents and the specific facts of the case. en-us Fri, 24 Jul 1987 00:00:00 +0530 Mon, 20 Dec 2010 17:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58590 The Appellate Tribunal upheld the decision to treat cash amounts disclosed in the trading accounts of an individual engaged in construction business as income from the business of construction and selling showrooms for the assessment years 1980-81 and 1981-82. The Tribunal found the explanation provided by the assessee regarding the nature and source of the sums credited to be satisfactory, concluding that the amounts should be considered as trading receipts. The appeals were dismissed, affirming the treatment of the cash amounts as income from the business activities, in accordance with legal precedents and the specific facts of the case. Case-Laws Income Tax Fri, 24 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58590