https://www.taxtmi.com/caselaws?id=62498 The appeal against the block assessment order for the period from 1987-88 to 1996-97 resulted in the Tribunal partly allowing the appeal. The peak credit addition was upheld at Rs. 4,73,738 as undisclosed income. The addition of Rs. 54,000 as unexplained expenditure was deleted. However, the addition of Rs. 63,780 as unexplained investment in machinery was upheld as the burden of proof regarding ownership was not met by the assessee. The cross-objection raised was dismissed by the Tribunal. en-us Tue, 27 Jul 2004 00:00:00 +0530 Thu, 20 Jan 2011 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62498 The appeal against the block assessment order for the period from 1987-88 to 1996-97 resulted in the Tribunal partly allowing the appeal. The peak credit addition was upheld at Rs. 4,73,738 as undisclosed income. The addition of Rs. 54,000 as unexplained expenditure was deleted. However, the addition of Rs. 63,780 as unexplained investment in machinery was upheld as the burden of proof regarding ownership was not met by the assessee. The cross-objection raised was dismissed by the Tribunal. Case-Laws Income Tax Tue, 27 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62498