Court denies inclusion of discovered amounts in wealth for 1976-77 assessment due to lack of evidence

The High Court of Allahabad rejected the application to include amounts discovered during a search in 1977-78 in the assessee's wealth for the assessment year 1976-77, citing lack of evidence of availability in 1976-77.

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The High Court of Allahabad rejected the application regarding adding amounts found during a search in 1977-78 to the wealth of the assessee for the assessment year 1976-77, as there was no evidence that these amounts were available with the assessee in 1976-77. (Case citation: 1989 (8) TMI 46 - Allahabad High Court)

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