https://www.taxtmi.com/caselaws?id=18398 The court upheld the Tribunal's decision to reduce the undisclosed income of the assessee for the assessment year 1962-63 from Rs. 93,000 to Rs. 42,000. The Tribunal accepted the explanation provided by the assessee regarding the source of Rs. 78,000, considering evidence from the wife and other income sources. The court found the Tribunal's evaluation of evidence and probabilities sufficient, rejecting the Revenue's argument of lack of proof. The Tribunal's decision was affirmed, answering both questions in favor of the assessee and against the Revenue, with no costs ordered. en-us Thu, 28 Jul 1994 00:00:00 +0530 Wed, 30 Sep 2009 16:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18398 The court upheld the Tribunal's decision to reduce the undisclosed income of the assessee for the assessment year 1962-63 from Rs. 93,000 to Rs. 42,000. The Tribunal accepted the explanation provided by the assessee regarding the source of Rs. 78,000, considering evidence from the wife and other income sources. The court found the Tribunal's evaluation of evidence and probabilities sufficient, rejecting the Revenue's argument of lack of proof. The Tribunal's decision was affirmed, answering both questions in favor of the assessee and against the Revenue, with no costs ordered. Case-Laws Income Tax Thu, 28 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18398