Commissioner Of Income-Tax vs Abhishek Corporation

The Supreme Court allowed the civil appeal and set aside the High Court's order regarding the Income-tax Appellate Tribunal's decision on unaccounted receipts. The Court held that the question of whether the Assessing Officer must show that the assessee invested Rs. 1,58,59,400 from unaccounted receipts requires further consideration by the High Court. The case was referred back to the High Court for examination without expressing any opinion on the merits.