Court held that the assessee has not explained the source of funds satisfactorily hence reduction of addition by the Tribunal is not justified. However to avoid multiplicity of litigation considering the assessee being no more only part of addition is confirmed. (AY. 2003-04, 2004-05, 2005-06)
CIT v. N. Sheikh Ahmed Haji and Ors. (2019) 415 ITR 32 (Ker.) (HC)
S. 143(3) : Assessment-Income from undisclosed sources- Purchase of property-Source of funds was not explained satisfactorily-Reduction of addition by Tribunal is held to be not justified.[S. 254(1)]