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2012 (8) TMI 954 - HC - Income TaxUnexplained cash credit within the provisions of S. 68 - Held that:- From the facts it was disclosed that the assessee had furnished the gift deed, bank certificate, copy of passport as well as copy of return of income filed by the donor. These documents would sufficiently establish the identity and creditworthiness of the said named party. The Assessing Officer simply brushed them aside. The confirming findings recorded by the Tribunal were based upon the facts and material relevant to the issue before it. They were findings of facts and in the realm of appreciation. When the findings are of factual in nature and properly arrived at, and when they are in no way perverse, as they are in the impugned order, no interference is called for in the present appeal. No substantial question of law arises for consideration.
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