https://www.taxtmi.com/caselaws?id=58490 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the assessed amount of Rs. 79,550 from the total income for the assessment year 1976-77. The Tribunal found that the remittances received from abroad were held by the assessee on behalf of the cousin, as evidenced by bank documents and certificates confirming the foreign origin of the money. The Tribunal concluded that the money did not constitute the assessee's income from undisclosed sources, overturning the decisions of the ITO and CIT(A). en-us Fri, 21 Dec 1984 00:00:00 +0530 Mon, 20 Dec 2010 12:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58490 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the assessed amount of Rs. 79,550 from the total income for the assessment year 1976-77. The Tribunal found that the remittances received from abroad were held by the assessee on behalf of the cousin, as evidenced by bank documents and certificates confirming the foreign origin of the money. The Tribunal concluded that the money did not constitute the assessee's income from undisclosed sources, overturning the decisions of the ITO and CIT(A). Case-Laws Income Tax Fri, 21 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58490