https://www.taxtmi.com/caselaws?id=37074 The High Court disagreed with the Tribunal's decision to sustain the addition of Rs. 38,000 as income from undisclosed sources. The Court found the rejection of explanations for the remaining amount speculative and lacking proper basis, emphasizing that the entire property left by Smt. Rampa Devi should have been considered in explaining the capital introduced by Bate Krishna. Consequently, both questions were answered in the negative, in favor of the assessee, who was awarded costs and counsel fees amounting to Rs. 200 each. en-us Fri, 19 Oct 1979 00:00:00 +0530 Fri, 26 Mar 2010 12:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37074 The High Court disagreed with the Tribunal's decision to sustain the addition of Rs. 38,000 as income from undisclosed sources. The Court found the rejection of explanations for the remaining amount speculative and lacking proper basis, emphasizing that the entire property left by Smt. Rampa Devi should have been considered in explaining the capital introduced by Bate Krishna. Consequently, both questions were answered in the negative, in favor of the assessee, who was awarded costs and counsel fees amounting to Rs. 200 each. Case-Laws Income Tax Fri, 19 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37074