Additions based on mere presumption that assessee had earned undisclosed income couldn’t be sustained; SLP dismissed

INCOME TAX : SLP dismissed against impugned order of High Court holding that in absence of supporting evidence, additions based merely on presumption that assessee had earned undisclosed income and incurred expenses outside books of account would not be sustainable

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197501/additions-based-on-mere-presumption-that-assessee-had-earned-undisclosed-income-couldn’t-be-sustained-slp-dismissed.aspx