https://www.taxtmi.com/caselaws?id=64000 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 1,44,510 for opening capital as the evidence showed it was accumulated over the years, not acquired in the assessment year. The Tribunal also dismissed the revenue's claim of obstructing investigations. However, the addition of Rs. 12,415 for gift receipts was upheld due to lack of supporting evidence. The Tribunal partially allowed the appeal, deleting the larger addition but sustaining the smaller one. en-us Tue, 04 Aug 1998 00:00:00 +0530 Thu, 03 Feb 2011 10:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64000 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 1,44,510 for opening capital as the evidence showed it was accumulated over the years, not acquired in the assessment year. The Tribunal also dismissed the revenue's claim of obstructing investigations. However, the addition of Rs. 12,415 for gift receipts was upheld due to lack of supporting evidence. The Tribunal partially allowed the appeal, deleting the larger addition but sustaining the smaller one. Case-Laws Income Tax Tue, 04 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64000