https://www.taxtmi.com/caselaws?id=29044 The Supreme Court ruled in favor of the assessee, holding that the credit in the wife's account represented the sale proceeds of her ornaments and not undisclosed income of the assessee. The Court criticized the Tribunal for not properly examining the documentary evidence provided by the assessee and relying solely on probabilities and conjecture. The judgment emphasized the importance of judicially considering all evidence in tax assessments, leading to a favorable outcome for the assessee. en-us Mon, 28 Sep 1981 00:00:00 +0530 Wed, 10 Mar 2010 14:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29044 The Supreme Court ruled in favor of the assessee, holding that the credit in the wife's account represented the sale proceeds of her ornaments and not undisclosed income of the assessee. The Court criticized the Tribunal for not properly examining the documentary evidence provided by the assessee and relying solely on probabilities and conjecture. The judgment emphasized the importance of judicially considering all evidence in tax assessments, leading to a favorable outcome for the assessee. Case-Laws Income Tax Mon, 28 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29044