https://www.taxtmi.com/caselaws?id=181807 The High Court upheld the validity of the assessment/appellate order, noting the substantial capital contribution by the assessee. The court found that the notice u/s 148 was rightly issued based on the unexplained capital contribution. The addition of Rs. 4,39,800 to the returned income was upheld, except for Rs. 70,000 due to unexplained cash-on-hand, with the matter remanded for verification of additional evidence on a loan. The appeal was partly allowed for statistical purposes. en-us Mon, 27 Dec 2010 00:00:00 +0530 Mon, 25 Apr 2016 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181807 The High Court upheld the validity of the assessment/appellate order, noting the substantial capital contribution by the assessee. The court found that the notice u/s 148 was rightly issued based on the unexplained capital contribution. The addition of Rs. 4,39,800 to the returned income was upheld, except for Rs. 70,000 due to unexplained cash-on-hand, with the matter remanded for verification of additional evidence on a loan. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 27 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181807