https://www.taxtmi.com/caselaws?id=12416 The court upheld the Tribunal's decision to confirm the addition of Rs. 1,40,000 as the assessee's income. The Tribunal's reliance on the statement of a witness, corroborated by the assessee's account books, was deemed sufficient evidence. The absence of the Income-tax Inspector's report did not impact the decision, as the Tribunal primarily considered witness statements. Arguments regarding the applicability of a specific tax provision and the credibility of an affidavit were dismissed for not being raised before the Tribunal. The court ruled in favor of the Revenue, with no costs awarded. en-us Tue, 23 Apr 2002 00:00:00 +0530 Wed, 24 Feb 2010 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12416 The court upheld the Tribunal's decision to confirm the addition of Rs. 1,40,000 as the assessee's income. The Tribunal's reliance on the statement of a witness, corroborated by the assessee's account books, was deemed sufficient evidence. The absence of the Income-tax Inspector's report did not impact the decision, as the Tribunal primarily considered witness statements. Arguments regarding the applicability of a specific tax provision and the credibility of an affidavit were dismissed for not being raised before the Tribunal. The court ruled in favor of the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 23 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12416