2003 (4) TMI 24 - HC - Income Tax

Addition u/s 69C - Whether in view of the provisions of section 158BB read with the definition of undisclosed income as contained in section 158B(b) Tribunal was justified in sustaining the addition under section 69C to the extent of Rs. 31, 703 and Rs. 40, 000 on estimated basis without appreciating that neither any material was found in search nor any material was brought on record by the Revenue? - When there is a material on record that on special occasions such as grah pravesh death of father of the assessee birth of grand daughters and also marriage expenditure has not been shown in the books of account or the expenditure has not been correctly disclosed it is open to the Assessing Officer even in such cases additions can be made on appreciation of facts and circumstances of that case. - No interference is called for. The appeal stands dismissed

Summary

The High Court of Rajasthan upheld additions made under section 69C of Rs. 31,703 and Rs. 40,000 for unaccounted expenses related to grah pravesh, death, birth, and marriages. The Tribunal's decision was deemed justified based on the facts and circumstances of the case, including the family's status and assets found during a search. The appeal was dismissed at the admission stage.