1971 (4) TMI 27

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..... . N. SETH. JUDGMENT The judgment of the court was delivered by PATHAK J.-The Income-tax Officer made an assessment order for the assessment year 1945-46 including within the total income of the assessee an amount of Rs. 65,000 as the income of the assessee from undisclosed sources. On appeal by the assessee, the addition was maintained by the Appellate Assistant Commissioner and, thereafter .....

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..... ort of its explanation was found unworthy of acceptance. The assessment of the said sum was thus based on inferences. The absence of reasonably convincing evidence regarding the source of the deposits of Rs. 65,000 may be a good ground for treating the entire deposits as the assessee's income from undisclosed sources, so far as the assessment order is concerned. The evidence on record, in our opin .....

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