https://www.taxtmi.com/caselaws?id=13195 The Court upheld the jurisdiction of the Assessing Officer due to a search conducted on the respondent's locker. It ruled that income below the taxable limit, after deductions, should not be treated as undisclosed. The addition of unexplained cash in 1987-88 and investment in FDR in 1996-97 was deemed unnecessary as the total income remained below the taxable limit. The Court partially allowed the appeal, emphasizing the importance of jurisdiction and proper classification of income. en-us Wed, 25 Jan 2006 00:00:00 +0530 Tue, 27 Dec 2016 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13195 The Court upheld the jurisdiction of the Assessing Officer due to a search conducted on the respondent's locker. It ruled that income below the taxable limit, after deductions, should not be treated as undisclosed. The addition of unexplained cash in 1987-88 and investment in FDR in 1996-97 was deemed unnecessary as the total income remained below the taxable limit. The Court partially allowed the appeal, emphasizing the importance of jurisdiction and proper classification of income. Case-Laws Income Tax Wed, 25 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13195