2011 (8) TMI 1152 - HC - Income Tax

Summary

The Gujarat High Court admitted a Tax Appeal to consider the substantial question of law regarding the retention of a tax addition. The question was whether the Appellate Tribunal was correct in retaining only Rs. 5 lacs out of Rs. 20 lacs added by the Assessing Officer, despite the assessee not retracting or explaining the disclosures made during the survey.