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2003 (5) TMI 5 - HC - Income TaxUnexplained investment - section 69 - Income from Undisclosed Sources - "Whether, Tribunal was justified in sustaining an addition of Rs. 85,000 as made by the Assessing Officer being unexplained investment in the purchases under section 69 and whether the finding of the Tribunal is perverse?" - whether the assessee has surrendered any amount on account of excess stock found during the search, the Tribunal should verify the fact whether he has surrendered that amount on account of excess stock found during the search. If he has surrendered any amount against the excess stock, then the very addition is not justified, therefore, the Tribunal was required to verify the fact
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