https://www.taxtmi.com/caselaws?id=122003 The ITAT Jodhpur allowed the appeal against the CIT(A)'s order for the assessment year 2000-01. The main issue was the treatment of the purchase of an Armada Jeep as an investment from undisclosed sources. The Tribunal found that the retired government employee had sufficient funds from savings, retirement benefits, and pension to make the purchase. As there was no evidence of investments elsewhere and considering the individual's long government service, the Tribunal concluded in favor of the assessee, setting aside the lower authorities' decision. en-us Fri, 02 Nov 2007 00:00:00 +0530 Tue, 07 Aug 2012 18:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122003 The ITAT Jodhpur allowed the appeal against the CIT(A)'s order for the assessment year 2000-01. The main issue was the treatment of the purchase of an Armada Jeep as an investment from undisclosed sources. The Tribunal found that the retired government employee had sufficient funds from savings, retirement benefits, and pension to make the purchase. As there was no evidence of investments elsewhere and considering the individual's long government service, the Tribunal concluded in favor of the assessee, setting aside the lower authorities' decision. Case-Laws Income Tax Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122003