https://www.taxtmi.com/caselaws?id=166248 The note addresses two issues: whether an Appellate Tribunal may admit fresh evidence and determine the correctness of an income-tax assessment on its merits, and whether Rs. 73,000 withdrawn in high denomination notes constituted concealed income. It records that the Tribunal's appellate jurisdiction permits issuing a commission, receiving fresh evidence and deciding the assessment, and that the Tribunal properly examined the commissioned evidence and circumstances. It concludes the assessee failed to prove the source of receipts, so the Tribunal's factual finding that the sum was concealed income was supportable, answering the reference against the assessee. en-us Wed, 01 Sep 1954 00:00:00 +0530 Fri, 05 Sep 2014 14:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166248 The note addresses two issues: whether an Appellate Tribunal may admit fresh evidence and determine the correctness of an income-tax assessment on its merits, and whether Rs. 73,000 withdrawn in high denomination notes constituted concealed income. It records that the Tribunal's appellate jurisdiction permits issuing a commission, receiving fresh evidence and deciding the assessment, and that the Tribunal properly examined the commissioned evidence and circumstances. It concludes the assessee failed to prove the source of receipts, so the Tribunal's factual finding that the sum was concealed income was supportable, answering the reference against the assessee. Case-Laws Income Tax Wed, 01 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166248