https://www.taxtmi.com/caselaws?id=39531 The High Court upheld the Tribunal's decision to treat the entire amount of Rs. 30,000 as undisclosed income, rejecting the Appellate Assistant Commissioner's acceptance of new evidence regarding the source of Rs. 20,000. The Court emphasized the need for proper grounds when admitting new evidence and affirmed that the Tribunal's findings had already validated the Income-tax Officer's decision. The Court ruled in favor of the revenue, highlighting the importance of valid grounds for admitting new evidence and directed each party to bear its own costs. Judge R. N. Pyne concurred with the decision. en-us Tue, 03 Dec 1974 00:00:00 +0530 Sat, 17 Apr 2010 11:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39531 The High Court upheld the Tribunal's decision to treat the entire amount of Rs. 30,000 as undisclosed income, rejecting the Appellate Assistant Commissioner's acceptance of new evidence regarding the source of Rs. 20,000. The Court emphasized the need for proper grounds when admitting new evidence and affirmed that the Tribunal's findings had already validated the Income-tax Officer's decision. The Court ruled in favor of the revenue, highlighting the importance of valid grounds for admitting new evidence and directed each party to bear its own costs. Judge R. N. Pyne concurred with the decision. Case-Laws Income Tax Tue, 03 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39531