1985 (12) TMI 12 - HC - Income Tax

Summary

The High Court of Patna upheld the addition of Rs. 38,500 to the taxable income of the assessee for the assessment year 1969-70. The disclosure made under the scheme was not accepted, leading to the conclusion that the sum was income from undisclosed sources. The Tribunal's decision was deemed correct, and the judgment favored the Revenue over the assessee.