https://www.taxtmi.com/caselaws?id=65678 The tribunal concluded that the reopening of the assessment under Section 147(a) of the Income Tax Act was not justified as there was no direct nexus between the confession and the loan in question. The addition of Rs. 50,000 as income from undisclosed sources and the disallowance of interest of Rs. 1875 were deemed unjustified. The tribunal allowed the appeal by the assessee, setting aside the lower authorities' orders. en-us Tue, 20 May 1980 00:00:00 +0530 Fri, 18 Feb 2011 13:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65678 The tribunal concluded that the reopening of the assessment under Section 147(a) of the Income Tax Act was not justified as there was no direct nexus between the confession and the loan in question. The addition of Rs. 50,000 as income from undisclosed sources and the disallowance of interest of Rs. 1875 were deemed unjustified. The tribunal allowed the appeal by the assessee, setting aside the lower authorities' orders. Case-Laws Income Tax Tue, 20 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65678