1990 (10) TMI 385 - HC - Income Tax

Summary

The High Court of Patna ruled in favor of the assessee in a tax case involving a deposit of Rs. 17,000. The Appellate Assistant Commissioner deleted the addition of Rs. 17,000 as the assessee satisfactorily explained the cash credit. The Tribunal upheld this decision, stating that further inquiry into Bibi Manauwar Sultana's assessment does not affect the finding. The Court answered the question in favor of the assessee, with each party bearing their own costs.