https://www.taxtmi.com/caselaws?id=5327 A finding on the source of remittances in tax assessment was legally unsustainable because the Tribunal did not properly consider material from the corresponding income-tax proceedings already on record. The record showed that the remittance figures for the same accounting period were before the Tribunal, including material indicating that part of the remittances related to earlier-period profits. The High Court was therefore not justified in affirming the answers against the assessee. The matter had to be reheard by the Tribunal after full consideration of the relevant material, and the High Court's answers were set aside. en-us Wed, 07 Nov 1990 00:00:00 +0530 Sun, 23 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5327 A finding on the source of remittances in tax assessment was legally unsustainable because the Tribunal did not properly consider material from the corresponding income-tax proceedings already on record. The record showed that the remittance figures for the same accounting period were before the Tribunal, including material indicating that part of the remittances related to earlier-period profits. The High Court was therefore not justified in affirming the answers against the assessee. The matter had to be reheard by the Tribunal after full consideration of the relevant material, and the High Court's answers were set aside. Case-Laws Income Tax Wed, 07 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5327