https://www.taxtmi.com/caselaws?id=16716 The High Court ruled in favor of the assessee, holding that the addition of Rs. 1,04,000 to their income for failure to provide detailed particulars of the receipt of high denomination notes was not justified. The Court emphasized that once the source of the money was proven, further proof of the acquisition of specific denomination notes was not required. The decision was based on established legal principles and previous Supreme Court rulings, ultimately leading to the disposal of the reference with no costs awarded. en-us Thu, 25 Jun 1998 00:00:00 +0530 Wed, 09 Sep 2009 16:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16716 The High Court ruled in favor of the assessee, holding that the addition of Rs. 1,04,000 to their income for failure to provide detailed particulars of the receipt of high denomination notes was not justified. The Court emphasized that once the source of the money was proven, further proof of the acquisition of specific denomination notes was not required. The decision was based on established legal principles and previous Supreme Court rulings, ultimately leading to the disposal of the reference with no costs awarded. Case-Laws Income Tax Thu, 25 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16716