https://www.taxtmi.com/caselaws?id=67022 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 57,500 as income from undisclosed sources. The Tribunal found the evidence presented by the assessee, including affidavits and wealth details, credible and in line with the family's historical practices. Despite the lower authorities upholding the addition, the Tribunal considered the family's reputation, wealth-tax assessment history, and the possession of gold ornaments as supporting the acquisition of the silver utensils. Emphasizing the acceptance of unchallenged affidavits in legal precedents, the Tribunal concluded that the assessee satisfactorily proved the source of acquisition, leading to the deletion of the addition. en-us Thu, 17 Dec 1981 00:00:00 +0530 Tue, 08 Mar 2011 17:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67022 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 57,500 as income from undisclosed sources. The Tribunal found the evidence presented by the assessee, including affidavits and wealth details, credible and in line with the family's historical practices. Despite the lower authorities upholding the addition, the Tribunal considered the family's reputation, wealth-tax assessment history, and the possession of gold ornaments as supporting the acquisition of the silver utensils. Emphasizing the acceptance of unchallenged affidavits in legal precedents, the Tribunal concluded that the assessee satisfactorily proved the source of acquisition, leading to the deletion of the addition. Case-Laws Income Tax Thu, 17 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67022