https://www.taxtmi.com/caselaws?id=18595 HC upheld additions for undisclosed income, finding the statement by a partner recorded under s.132(4) was admissible and voluntary, and rejecting the assessee's coercion claim for lack of proof. The court accepted spreading the admitted Rs.3 lakh excess stock over two years, resulting in additions of Rs.1.50 lakh for each assessment year 1980-81 and 1981-82, and declined to disturb concurrent factual findings of the Tribunal and CIT(A). An addition for unexplained investment in a cinema theatre was rejected because the asset was not wholly owned by the firm. en-us Fri, 15 Dec 1995 00:00:00 +0530 Wed, 15 Oct 2025 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18595 HC upheld additions for undisclosed income, finding the statement by a partner recorded under s.132(4) was admissible and voluntary, and rejecting the assessee's coercion claim for lack of proof. The court accepted spreading the admitted Rs.3 lakh excess stock over two years, resulting in additions of Rs.1.50 lakh for each assessment year 1980-81 and 1981-82, and declined to disturb concurrent factual findings of the Tribunal and CIT(A). An addition for unexplained investment in a cinema theatre was rejected because the asset was not wholly owned by the firm. Case-Laws Income Tax Fri, 15 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18595