https://www.taxtmi.com/caselaws?id=61005 The tribunal upheld the validity of the action under section 147(a) of the Income-tax Act, 1961, and confirmed the addition of Rs. 40,000 to the assessee's income. It emphasized the requirement for the assessee to disclose all material facts accurately for assessment purposes. The tribunal found the explanation provided by the assessee regarding the ownership of the fixed deposit to be unconvincing and upheld the department's decision to add the amount to the assessee's income. en-us Thu, 28 Nov 1985 00:00:00 +0530 Mon, 10 Jan 2011 13:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61005 The tribunal upheld the validity of the action under section 147(a) of the Income-tax Act, 1961, and confirmed the addition of Rs. 40,000 to the assessee's income. It emphasized the requirement for the assessee to disclose all material facts accurately for assessment purposes. The tribunal found the explanation provided by the assessee regarding the ownership of the fixed deposit to be unconvincing and upheld the department's decision to add the amount to the assessee's income. Case-Laws Income Tax Thu, 28 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61005