1976 (9) TMI 64 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Jabalpur heard cross appeals by the department and the assessee for the assessment year 1966-67. The assessee, a Hindu undivided family, had disputes over the assessment of savings. The Appellate Assistant Commissioner estimated savings at Rs. 20,000 and allowed additional evidence, which was upheld by the tribunal. Both appeals were dismissed. The department's appeal was also dismissed as the Appellate Assistant Commissioner's decision to allow additional evidence was deemed justified.