https://www.taxtmi.com/caselaws?id=118521 The Tribunal allowed the appeals, setting aside the assessments for both assessment years 1996-97 and 1997-98. The Tribunal directed further examination, granting the assessee an opportunity to present corroborative evidence and cross-examine relevant witnesses. The Tribunal emphasized the need for a thorough review of the surrounding circumstances and the assessee's capacity to generate substantial income from undisclosed sources, indicating a requirement for a more detailed investigation into the transactions in question. en-us Fri, 06 Jan 2006 00:00:00 +0530 Mon, 02 Jul 2012 17:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118521 The Tribunal allowed the appeals, setting aside the assessments for both assessment years 1996-97 and 1997-98. The Tribunal directed further examination, granting the assessee an opportunity to present corroborative evidence and cross-examine relevant witnesses. The Tribunal emphasized the need for a thorough review of the surrounding circumstances and the assessee's capacity to generate substantial income from undisclosed sources, indicating a requirement for a more detailed investigation into the transactions in question. Case-Laws Income Tax Fri, 06 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118521