https://www.taxtmi.com/caselaws?id=37343 The court allowed the application for reference under s. 256(2) of the Income Tax Act, directing the Tribunal to refer two identified questions to the High Court regarding the computation of undisclosed investment based on fair market value and the consideration of specific amounts as unexplained investments representing undisclosed income. The court emphasized the requirements of s. 69B, s. 52(2), and s. 269C(1) of the Act in determining excess amounts as income and fair market value in different contexts. Each party was responsible for their own costs. en-us Mon, 30 Jul 1979 00:00:00 +0530 Mon, 29 Mar 2010 11:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37343 The court allowed the application for reference under s. 256(2) of the Income Tax Act, directing the Tribunal to refer two identified questions to the High Court regarding the computation of undisclosed investment based on fair market value and the consideration of specific amounts as unexplained investments representing undisclosed income. The court emphasized the requirements of s. 69B, s. 52(2), and s. 269C(1) of the Act in determining excess amounts as income and fair market value in different contexts. Each party was responsible for their own costs. Case-Laws Income Tax Mon, 30 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37343