A Narsinga Rao v. ACIT [2023] 155 taxmann.com 509 / (2024)460 ITR 526 (Telangana)(HC)

S. 69 : Unexplained investments-Income from undisclosed sources-Huge expenses-Additions to income based on facts-No substantial question of law. [S. 260A]

Dismissing the appeal the Court held that the Appellate Tribunal had considered the grounds raised as well as submissions made on behalf of the assessee and recorded detailed reasons for its conclusion. The addition made by the Tribunal was justified. No substantial question of law. (B. P 1-4-1987 to 11-2-1999)