https://www.taxtmi.com/caselaws?id=6508 An addition of capital credited in the assessee's books as income from undisclosed sources was unsustainable where the assessee offered a plausible explanation supported by surrounding facts, including pre-partition business activity, bank transfers, and migration precautions. The adverse inference was based mainly on conjecture and irrelevant material, and the finding that only part of the funds had been brought from Lahore lacked evidentiary support. The conclusion was therefore perverse and could not stand as a proper finding of fact, so the addition was set aside in favour of the assessee. en-us Tue, 08 Mar 1977 00:00:00 +0530 Sat, 10 Nov 2018 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6508 An addition of capital credited in the assessee's books as income from undisclosed sources was unsustainable where the assessee offered a plausible explanation supported by surrounding facts, including pre-partition business activity, bank transfers, and migration precautions. The adverse inference was based mainly on conjecture and irrelevant material, and the finding that only part of the funds had been brought from Lahore lacked evidentiary support. The conclusion was therefore perverse and could not stand as a proper finding of fact, so the addition was set aside in favour of the assessee. Case-Laws Income Tax Tue, 08 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6508