2001 (7) TMI 24

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....vered by JAWAHAR LAL GUPTA J.-The assessee has filed this appeal with the grievance that the Tribunal has erred in upholding the addition of Rs. 61,000 to the income declared by the assessee in the return for the assessment year 1988-89. Mr. Sehgal, the learned counsel for the appellant, contends that the order passed by the Assessing Officer had been rightly reversed by the Commissioner of ....

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....am Partap by the assessee. Thus, the addition to the extent of Rs. 54,000 is invalid. He had directly received an amount of Rs. 7,000. A perusal of the order passed by the Tribunal shows that the persons to whom Ram Partap had allegedly advanced the amount of Rs. 54,000 were not known to him. The date on which the amount was advanced has also not been disclosed. No interest was being charged de....