https://www.taxtmi.com/caselaws?id=21149 HC upheld the Tribunal's order deleting the addition made as "income from other sources" towards alleged unexplained cost of materials and manufacturing costs for goods supplied to the Defence Department. It held that s.69 applies only to unexplained investments not recorded in the books, which was not the situation here. The receipts from the Defence Department represented gross amounts inclusive of expenditure and profit, not unexplained income. As the Tribunal's factual findings were neither challenged nor shown to be perverse, HC declined to interfere in reference jurisdiction. The question of law was answered in the affirmative, in favour of the assessee and against the Revenue. en-us Tue, 09 Jan 1990 00:00:00 +0530 Thu, 04 Dec 2025 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21149 HC upheld the Tribunal's order deleting the addition made as "income from other sources" towards alleged unexplained cost of materials and manufacturing costs for goods supplied to the Defence Department. It held that s.69 applies only to unexplained investments not recorded in the books, which was not the situation here. The receipts from the Defence Department represented gross amounts inclusive of expenditure and profit, not unexplained income. As the Tribunal's factual findings were neither challenged nor shown to be perverse, HC declined to interfere in reference jurisdiction. The question of law was answered in the affirmative, in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 09 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21149