https://www.taxtmi.com/caselaws?id=78812 The High Court upheld the Tribunal's decision in an income tax appeal case for the assessment year 1983-84. The Court emphasized the difficulty in tracing depositors after a significant time lapse and found no evidence of income concealment by the assessee. As the assessee had produced some depositors and failed to prove the identity of all due to the time gap, the Court dismissed the appeal, stating it lacked merit in the circumstances of the case. en-us Thu, 28 Oct 2010 00:00:00 +0530 Sun, 19 Dec 2010 22:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78812 The High Court upheld the Tribunal's decision in an income tax appeal case for the assessment year 1983-84. The Court emphasized the difficulty in tracing depositors after a significant time lapse and found no evidence of income concealment by the assessee. As the assessee had produced some depositors and failed to prove the identity of all due to the time gap, the Court dismissed the appeal, stating it lacked merit in the circumstances of the case. Case-Laws Income Tax Thu, 28 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78812