https://www.taxtmi.com/caselaws?id=18181 The court upheld the decision of the Appellate Tribunal, ruling in favor of the Revenue and against the assessee. It was determined that the amount of Rs. 46,000 represented income from undisclosed sources due to the lack of evidence and explanation provided by the assessee regarding a loan transaction. The court found discrepancies in the explanations given by the assessee and the creditor, ultimately concluding that the transaction was not genuine. The appeal of the assessee was dismissed, with the court affirming the Tribunal's decision without identifying any legal questions arising from it. en-us Tue, 09 Jul 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18181 The court upheld the decision of the Appellate Tribunal, ruling in favor of the Revenue and against the assessee. It was determined that the amount of Rs. 46,000 represented income from undisclosed sources due to the lack of evidence and explanation provided by the assessee regarding a loan transaction. The court found discrepancies in the explanations given by the assessee and the creditor, ultimately concluding that the transaction was not genuine. The appeal of the assessee was dismissed, with the court affirming the Tribunal's decision without identifying any legal questions arising from it. Case-Laws Income Tax Tue, 09 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18181