https://www.taxtmi.com/caselaws?id=36502 The High Court set aside the orders of the Commissioner and the ITO, directing the latter to give the petitioner an opportunity to substantiate the source of the Rs. 15,000 capital outlay and to pass a fresh assessment order accordingly. The court emphasized the need for a proper exercise of revisional jurisdiction and reserved liberty for the ITO to proceed in accordance with the law. en-us Thu, 14 Aug 1980 00:00:00 +0530 Mon, 22 Mar 2010 17:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36502 The High Court set aside the orders of the Commissioner and the ITO, directing the latter to give the petitioner an opportunity to substantiate the source of the Rs. 15,000 capital outlay and to pass a fresh assessment order accordingly. The court emphasized the need for a proper exercise of revisional jurisdiction and reserved liberty for the ITO to proceed in accordance with the law. Case-Laws Income Tax Thu, 14 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36502