https://www.taxtmi.com/caselaws?id=61026 The case involved issues of natural justice, addition of income from undisclosed sources, reliability of statements, market price verification, and discrepancies in records. The Accountant Member suggested further verification and investigation, while the Judicial Member upheld the addition of Rs. 2,05,000 based on department evidence. The Third Member agreed with the Accountant Member, emphasizing thorough investigation. The majority favored restoring the issue to the Assessing Officer for fresh adjudication, requiring detailed verification and investigation. The appeal was treated as allowed for statistical purposes. en-us Fri, 26 Jun 1998 00:00:00 +0530 Mon, 10 Jan 2011 14:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61026 The case involved issues of natural justice, addition of income from undisclosed sources, reliability of statements, market price verification, and discrepancies in records. The Accountant Member suggested further verification and investigation, while the Judicial Member upheld the addition of Rs. 2,05,000 based on department evidence. The Third Member agreed with the Accountant Member, emphasizing thorough investigation. The majority favored restoring the issue to the Assessing Officer for fresh adjudication, requiring detailed verification and investigation. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 26 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61026