Section 158B – Revelation of any undisclosed income should be clear & direct

HIGH COURT OF KARNATAKA Commissioner of Income-tax v/s. Gayathri Enterprises IT APPEAL NOS. 274 OF 2004 and 68 OF 2010 IT APPEAL CROB NO. 1 OF 2005 JULY 4, 2012 JUDGMENT RE : ITA No. 274/2004 D.V. Shylendra Kumar, J. This appeal by the revenue under section 260A of the Income Tax Act, 1961 [for short ‘the Act’] is against the order of the Tribunal dated 18.12.2003 in Appeal No. IT[SS] A53/Bang/2003. 2. The Tribunal having reversed the orders passed by the assessing authority and affirming order of the first appellate authority holding that the respondent – as...