1971 (9) TMI 17

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..... he court was delivered by HEGDE J. -- This is an appeal by special leave from the judgment of the High Court of Kerala in Income-tax Referred Case No. 11 of 1967 on its file. The facts of the case lie within a narrow compass. The assessee carried on business as tin fabricator and oil miller. For the previous year ending on December 31, 1959, he returned an income of Rs. 52,280. One Mohideen .....

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..... rs was in charge of his business; he made the borrowings ; he was maintaining the accounts ; relationship between himself and Mohideen Kunju had become strained ; hence he is unable to explain the discrepancy. In view of that explanation the Income-tax Officer brought to tax Rs. 31,858.78 as income from undisclosed sources. About that assessment, there is no dispute. After bringing to tax the said .....

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