https://www.taxtmi.com/caselaws?id=28082 The High Court upheld the Tribunal's decision regarding the determination of undisclosed income under section 69 of the Income-tax Act, 1961, reducing the undisclosed income from Rs. 15,000 to Rs. 10,000. The Court affirmed that the investment of Rs. 10,000 was unexplained income. Additionally, the High Court upheld the Tribunal's ruling on the ownership of property, confirming the assessee's ownership of 2/3rd share individually and 1/3rd share as HUF property. The High Court concluded the case in favor of the Tribunal without costs. en-us Tue, 05 Apr 1983 00:00:00 +0530 Wed, 17 Feb 2010 18:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28082 The High Court upheld the Tribunal's decision regarding the determination of undisclosed income under section 69 of the Income-tax Act, 1961, reducing the undisclosed income from Rs. 15,000 to Rs. 10,000. The Court affirmed that the investment of Rs. 10,000 was unexplained income. Additionally, the High Court upheld the Tribunal's ruling on the ownership of property, confirming the assessee's ownership of 2/3rd share individually and 1/3rd share as HUF property. The High Court concluded the case in favor of the Tribunal without costs. Case-Laws Income Tax Tue, 05 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28082