https://www.taxtmi.com/caselaws?id=60440 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s order. It found that the CIT(A) did not adequately address the arguments and evidence presented, leading to a miscarriage of justice. The addition of Rs. 3,53,44,078 as income from undisclosed sources was deemed unjustified, and the loss on the sale of silver utensils should not be treated as personal effects but considered for capital gains. The AO and CIT(A) were criticized for arbitrary actions without proper consideration of evidence. en-us Thu, 10 Jul 2003 00:00:00 +0530 Fri, 13 Jan 2017 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60440 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s order. It found that the CIT(A) did not adequately address the arguments and evidence presented, leading to a miscarriage of justice. The addition of Rs. 3,53,44,078 as income from undisclosed sources was deemed unjustified, and the loss on the sale of silver utensils should not be treated as personal effects but considered for capital gains. The AO and CIT(A) were criticized for arbitrary actions without proper consideration of evidence. Case-Laws Income Tax Thu, 10 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60440