1988 (8) TMI 145

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....ent order as income from undisclosed sources. 2. The facts of the case are identical. Hence, we consolidate the appeals for disposal by this common order. 3. In the assessment order for the asst. yr. 1980-81, the ITO made the addition in which he has briefly stated the facts of the case, which has already been dealt with by him in more detail in the asst. yr. 1981-82. In short, the ITO noticed c....

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....ocal fishermen in cash. The ITO noted that some people have been shown and confirmed purchasing of fishes from this lady. But the ITO found that the accounts maintained were not verifiable in the absence of any sort of supporting materials and that no bank accounts were maintained by the assessee. He also noted that the deposits were made in lumpsum on two different dates by the first two differen....

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....f had verified the claim and found that those people did sell fish and milk to certain people and there were supporting material to support the claim and that it was not justified not proper for the ITO to say that the story was concocted one, moreover when the ITO himself has observed that little surplus might be available from the sale of milk or fishes. It was argued then that even such a situa....