https://www.taxtmi.com/caselaws?id=36742 The High Court ruled in favor of the assessee, holding that the addition of Rs. 38,500 as income from undisclosed sources during the assessment year 1969-70 was not valid. The Court emphasized the importance of determining the relevant accounting year for assessing undisclosed income and clarified the difference between assessing income under different sections of the Income Tax Act. The Court's decision was based on the finding that the income could not be assessed for the specified assessment year based on the accounting year ending on September 30, 1968. en-us Fri, 26 Oct 1979 00:00:00 +0530 Wed, 24 Mar 2010 12:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36742 The High Court ruled in favor of the assessee, holding that the addition of Rs. 38,500 as income from undisclosed sources during the assessment year 1969-70 was not valid. The Court emphasized the importance of determining the relevant accounting year for assessing undisclosed income and clarified the difference between assessing income under different sections of the Income Tax Act. The Court's decision was based on the finding that the income could not be assessed for the specified assessment year based on the accounting year ending on September 30, 1968. Case-Laws Income Tax Fri, 26 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36742