https://www.taxtmi.com/caselaws?id=7446 Income from undisclosed sources had to be brought to tax in the relevant previous year under section 2(11) of the Indian Income-tax Act, 1922. On the Tribunal's own finding, the gold was acquired and paid for out of undisclosed income before 30 January 1958, which fell outside the ordinary financial year relevant to assessment year 1959-60. The value of the confiscated gold therefore could not be included in the assessee's total income for that year. A related contention on reference was rejected because the point was only a different aspect of the same issue already before the Tribunal. en-us Wed, 16 Oct 1968 00:00:00 +0530 Fri, 20 Feb 2009 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7446 Income from undisclosed sources had to be brought to tax in the relevant previous year under section 2(11) of the Indian Income-tax Act, 1922. On the Tribunal's own finding, the gold was acquired and paid for out of undisclosed income before 30 January 1958, which fell outside the ordinary financial year relevant to assessment year 1959-60. The value of the confiscated gold therefore could not be included in the assessee's total income for that year. A related contention on reference was rejected because the point was only a different aspect of the same issue already before the Tribunal. Case-Laws Income Tax Wed, 16 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7446