https://www.taxtmi.com/caselaws?id=69814 The Tribunal upheld the ITO's assessment of Rs. 72,950 for the assessment years 1971-72 and 1972-73, rejecting the assessee's claims regarding the source of the funds. The decision was influenced by the lack of evidence linking the remittances to the claimed source and relied on legal principles from the Khateeb Mohmood case. Procedural issues regarding the timeliness of reference applications were addressed, and a legal question was referred to the Madras High Court for further consideration. en-us Wed, 21 Apr 1982 00:00:00 +0530 Tue, 12 Apr 2011 12:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69814 The Tribunal upheld the ITO's assessment of Rs. 72,950 for the assessment years 1971-72 and 1972-73, rejecting the assessee's claims regarding the source of the funds. The decision was influenced by the lack of evidence linking the remittances to the claimed source and relied on legal principles from the Khateeb Mohmood case. Procedural issues regarding the timeliness of reference applications were addressed, and a legal question was referred to the Madras High Court for further consideration. Case-Laws Income Tax Wed, 21 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69814