TMI Blog2000 (6) TMI 11X X X X Extracts X X X X X X X X Extracts X X X X ..... d to the assessment years 1987-88 and 1988-89, certain investments made by major sons of assessee were included in the income of the assessee, as unexplained investments, under section 69 of the Income-tax Act, 1961 (for short, "the Act"). That was unsuccessfully challenged by the assessee before the Commissioner of Income-tax and the Tribunal. In regard to the assessment year 1987-88, the Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onfirming the addition of Rs. 1,00,000 made under section 69 towards the purchase of a residential house, on the basis of the valuation by the District Valuation Officer ?" For the assessment year 1988-89 : "(1) Whether, on the facts and circumstances of the case, the Income-tax Appellate Tribunal was right in holding that the investments of Rs. 2,47,697, made by the major sons of the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stion is a question of law, which requires consideration. In so far as the second question for 1987-88 is concerned, it relates to addition of Rs. 1 lakh towards purchase of a residential house on the basis of the valuation made by the District Valuation Officer, which is purely question of fact and does not involve any question of law. In view of, above, these petitions are allowed in part an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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