1990 (8) TMI 83 - HC - Income Tax

Summary

The High Court of Orissa upheld the addition of Rs. 53,500 as income from undisclosed sources in a case involving a Hindu undivided family. The court found that the money used to purchase land by the two sons came from joint family funds, despite the sons' claims of individual ownership. The court held that the sons failed to provide clear evidence to support their claim, leading to the conclusion that the funds were undisclosed income. The Tribunal's decision to sustain the addition was deemed justified.