1976 (10) TMI 11

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..... 60, the Income-tax Officer assessed the income of the assessee at Rs. 99,494. The assessee's appeal to the Appellate Assistant Commissioner was dismissed. The Income-tax Appellate Tribunal, however, set aside the order of assessment and remanded the matter back to the Income-tax Officer to estimate the income bearing in mind the value of the assets and liabilities at the commencement of the previo .....

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..... , on the facts and in the circumstances of the case, the assessee could be given the benefits of intangible additions made in the earlier year to explain the addition of Rs. 54,075 made as unexplained investments ? " It is not necessary for us to enter into a detailed discussion of the questions raised in view of the fact that the addition of Rs. 54,075 made by the Income-tax Officer was from a n .....

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