https://www.taxtmi.com/caselaws?id=59238 The court upheld the addition of Rs. 12,000 to the assessee's total income from undisclosed sources, as discrepancies in explanations and lack of supporting evidence undermined credibility. Additionally, the rejection of the book results in the business led to the estimation of profit at Rs. 12,000 instead of the reported amount, with the court affirming this decision based on incomplete records and circumstances of the case. The appeal by the assessee was rejected, and the decision to estimate profits at Rs. 12,000 was upheld. en-us Fri, 12 Aug 1977 00:00:00 +0530 Mon, 27 Dec 2010 13:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59238 The court upheld the addition of Rs. 12,000 to the assessee's total income from undisclosed sources, as discrepancies in explanations and lack of supporting evidence undermined credibility. Additionally, the rejection of the book results in the business led to the estimation of profit at Rs. 12,000 instead of the reported amount, with the court affirming this decision based on incomplete records and circumstances of the case. The appeal by the assessee was rejected, and the decision to estimate profits at Rs. 12,000 was upheld. Case-Laws Income Tax Fri, 12 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59238