https://www.taxtmi.com/caselaws?id=35491 The court affirmed the Tribunal's decision that investments in postal time deposits constituted income from undisclosed sources. The assessee's failure to provide a legitimate source for the investments, coupled with acknowledging the existence of the time deposit receipts without disputing their authenticity, led to the decision. The court emphasized that a different outcome could have resulted if the genuineness of the receipts had been challenged or a credible explanation for the funds provided. The case was disposed of, with the opinion to be forwarded to the Patna Bench of the Tribunal for further action. en-us Tue, 18 Nov 2008 00:00:00 +0530 Tue, 09 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35491 The court affirmed the Tribunal's decision that investments in postal time deposits constituted income from undisclosed sources. The assessee's failure to provide a legitimate source for the investments, coupled with acknowledging the existence of the time deposit receipts without disputing their authenticity, led to the decision. The court emphasized that a different outcome could have resulted if the genuineness of the receipts had been challenged or a credible explanation for the funds provided. The case was disposed of, with the opinion to be forwarded to the Patna Bench of the Tribunal for further action. Case-Laws Income Tax Tue, 18 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35491