https://www.taxtmi.com/caselaws?id=26978 The court ruled against the assessee in a case involving the addition of Rs. 2,87,000 and interest of Rs. 31,269 for the assessment year 1957-58. The Appellate Tribunal's decision to accept the assessee's explanation without sufficient corroborative evidence was deemed unacceptable. The court held that such reliance on the assessee's testimony alone was perverse and concluded that the income and interest should be treated as earned by the assessee under "Other sources." The court decided not to remand the matter due to the lapse of time and made no order as to costs. en-us Thu, 27 Jan 1983 00:00:00 +0530 Tue, 09 Feb 2010 18:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26978 The court ruled against the assessee in a case involving the addition of Rs. 2,87,000 and interest of Rs. 31,269 for the assessment year 1957-58. The Appellate Tribunal's decision to accept the assessee's explanation without sufficient corroborative evidence was deemed unacceptable. The court held that such reliance on the assessee's testimony alone was perverse and concluded that the income and interest should be treated as earned by the assessee under "Other sources." The court decided not to remand the matter due to the lapse of time and made no order as to costs. Case-Laws Income Tax Thu, 27 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26978