https://www.taxtmi.com/caselaws?id=68336 The Tribunal allowed the appeal in favor of the assessee, ruling that the addition of unexplained capital to the declared income was not valid as the opening capital was verifiable and the Assessing Officer could not make additions without disturbing the previous year's final assessment. The Tribunal directed the AO to accept the declared income, ultimately leading to the deletion of the addition of Rs. 40,152 as unexplained capital for the assessment year 1991-92. en-us Mon, 31 Jan 2000 00:00:00 +0530 Tue, 29 Mar 2011 13:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68336 The Tribunal allowed the appeal in favor of the assessee, ruling that the addition of unexplained capital to the declared income was not valid as the opening capital was verifiable and the Assessing Officer could not make additions without disturbing the previous year's final assessment. The Tribunal directed the AO to accept the declared income, ultimately leading to the deletion of the addition of Rs. 40,152 as unexplained capital for the assessment year 1991-92. Case-Laws Income Tax Mon, 31 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68336