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2009 (4) TMI 73 - HC - Income TaxAdditions as undisclosed income – accrual of income - M/s. Nalini Properties Pvt. Ltd. is a closely held company of the appellant - appellant was a party to the board resolution and in implementation of the board resolution, the account of the appellant was credited by the amount of Rs.3.17 crores - appellant agreed before the CIT (A) that it is difficult for him to prove that he has changed the method of accounting from mercantile system to cash -therefore, the amount of Rs.3.17 crores is to be taxed as undisclosed income in the block period
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