https://www.taxtmi.com/caselaws?id=20005 The court upheld the Tribunal's decision that the assessee's explanation regarding the 3,57,000 Hong Kong dollars was unsatisfactory, supporting the assessment of the sum as income from undisclosed sources for the assessment year 1959-60. The Tribunal's findings were deemed reasonable and well-supported by evidence, leading to a ruling in favor of the Revenue and against the assessee. The court concluded that the Tribunal's decision was not perverse and therefore affirmed the assessment of the sum as undisclosed income, with no costs awarded. en-us Thu, 30 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 11:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20005 The court upheld the Tribunal's decision that the assessee's explanation regarding the 3,57,000 Hong Kong dollars was unsatisfactory, supporting the assessment of the sum as income from undisclosed sources for the assessment year 1959-60. The Tribunal's findings were deemed reasonable and well-supported by evidence, leading to a ruling in favor of the Revenue and against the assessee. The court concluded that the Tribunal's decision was not perverse and therefore affirmed the assessment of the sum as undisclosed income, with no costs awarded. Case-Laws Income Tax Thu, 30 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20005