https://www.taxtmi.com/caselaws?id=57704 The Appellate Tribunal ITAT Bangalore allowed the appeal of an individual assessee for the assessment year 1977-78. The tribunal accepted the explanations provided by the assessee for the sources of investments in constructing shops, including savings, advances from tenants, and realization from old materials. It found merit in the assessee's arguments regarding savings claims and the estimate for the sale of old materials, reducing the total income by Rs. 12,000 based on the accepted explanations and evidence presented. en-us Tue, 09 Jun 1981 00:00:00 +0530 Mon, 13 Dec 2010 11:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57704 The Appellate Tribunal ITAT Bangalore allowed the appeal of an individual assessee for the assessment year 1977-78. The tribunal accepted the explanations provided by the assessee for the sources of investments in constructing shops, including savings, advances from tenants, and realization from old materials. It found merit in the assessee's arguments regarding savings claims and the estimate for the sale of old materials, reducing the total income by Rs. 12,000 based on the accepted explanations and evidence presented. Case-Laws Income Tax Tue, 09 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57704