https://www.taxtmi.com/caselaws?id=166248 Section 33(4) was described as conferring wide appellate power on the Tribunal to take fresh evidence and decide the assessment on merits, provided both parties had an opportunity of being heard. The note further states that, in cash-receipt cases, the assessee bears the burden of proving the source and nature of the money. Where the explanation is rejected and surrounding circumstances support concealment, the finding is one of fact and will stand if supported by material. The reference was answered against the assessee and the addition was upheld. 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 Section 33(4) was described as conferring wide appellate power on the Tribunal to take fresh evidence and decide the assessment on merits, provided both parties had an opportunity of being heard. The note further states that, in cash-receipt cases, the assessee bears the burden of proving the source and nature of the money. Where the explanation is rejected and surrounding circumstances support concealment, the finding is one of fact and will stand if supported by material. The reference was answered against the assessee and the addition was upheld. Case-Laws Income Tax Wed, 01 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166248