Section 69A ::

Court :
HC

Brief :
Held by the Hon`ble Court that, the assessee who is admittedly assessed to wealth-tax cannot be said to have no source of income. Therefore explanation given by assessee is not satisfactory and addition is justified in law.

Citation :
Smt. Dhanvidya A. Dalal Vs. C.I.T.

Section 69A Smt. Dhanvidya A. Dalal Vs. C.I.T. 08/01/2007 [2007] 294 ITR 277 (Bom) Case Fact: Whether, there can be any addition if explanation given by assessee is not satisfactory? Decision: Held by the Hon`ble Court that, the assessee who is admittedly assessed to wealth-tax cannot be said to have no source of income. Therefore explanation given by assessee is not satisfactory and addition is justified in law.

115 Views Comment Share Income Tax Report

Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

View Judgements

Comments