Madras H.C : There is no contribution made by the assessee during the assessment year for the construction, even though the investments are not contained in any books of account and they are unexplained or the explanation is unsatisfactory, the value of the investment is to be deemed to be the income of the assessee for the financial year preceding the assessment year under s. 69 of the IT Act, 1961
High Court Of Madras CIT vs. Chan Basha Section 69 Asst. Year 1999-2000 P.D. Dinakaran & P.P.S. Janarthana Raja, JJ. […]
