https://www.taxtmi.com/caselaws?id=26654 The Tribunal upheld the Income-tax Officer's findings that diesel worth Rs. 14,026 constituted suppressed stock and was included in the assessee-firm's total income as 'income from undisclosed sources'. The Tribunal also ruled that the purchase of diesel fell under 'expenditure' as per section 40A(3) of the Income-tax Act, 1961. The decision favored the Revenue, with the Tribunal affirming its stance on the issues discussed. The reference was disposed of with each party bearing its own costs. en-us Tue, 23 Jul 1985 00:00:00 +0530 Sat, 06 Feb 2010 15:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26654 The Tribunal upheld the Income-tax Officer's findings that diesel worth Rs. 14,026 constituted suppressed stock and was included in the assessee-firm's total income as 'income from undisclosed sources'. The Tribunal also ruled that the purchase of diesel fell under 'expenditure' as per section 40A(3) of the Income-tax Act, 1961. The decision favored the Revenue, with the Tribunal affirming its stance on the issues discussed. The reference was disposed of with each party bearing its own costs. Case-Laws Income Tax Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26654