https://www.taxtmi.com/caselaws?id=18742 The High Court directed the Tribunal to refer the questions of tenability of the appeal and deemed concealment of income for further examination. The Court found that the Tribunal failed to consider whether the revised memo of appeal could rectify the defect and render the appeal legally tenable. The Tribunal's decision on deemed concealment was based on the Explanation to section 271(1)(c) of the Income-tax Act, deeming the concealed amount as income in the absence of an explanation. The High Court emphasized the need for evidentiary backing in reaching conclusions and instructed the Tribunal to comply with the order within six months. en-us Tue, 12 Dec 1995 00:00:00 +0530 Sat, 31 Oct 2009 17:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18742 The High Court directed the Tribunal to refer the questions of tenability of the appeal and deemed concealment of income for further examination. The Court found that the Tribunal failed to consider whether the revised memo of appeal could rectify the defect and render the appeal legally tenable. The Tribunal's decision on deemed concealment was based on the Explanation to section 271(1)(c) of the Income-tax Act, deeming the concealed amount as income in the absence of an explanation. The High Court emphasized the need for evidentiary backing in reaching conclusions and instructed the Tribunal to comply with the order within six months. Case-Laws Income Tax Tue, 12 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18742