2000 (6) TMI 11

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.... finally by consent and disposed of by this order. In regard to the assessment years 1987-88 and 1988-89, certain investments made by major sons of assessee were included in the income of the assessee, as unexplained investments, under section 69 of the Income-tax Act, 1961 (for short, "the Act"). That was unsuccessfully challenged by the assessee before the Commissioner of Income-tax and the T....

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....ances of the case, the Income-tax Appellate Tribunal was right in confirming the addition of Rs. 1,00,000 made under section 69 towards the purchase of a residential house, on the basis of the valuation by the District Valuation Officer ?" For the assessment year 1988-89 : "(1) Whether, on the facts and circumstances of the case, the Income-tax Appellate Tribunal was right in holding that th....