Section 69A ::

Last updated: 02 November 2007

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.