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2010 (8) TMI 624 - HC - Income TaxUnexplained income - whether the assessees possess any cattle, sheep and goats and they sold them out - The sale price of the cattle, sheep and goats was not disputed at any point of time - In the present appeals as already pointed out, there was absolutely no basis for the Income-tax Appellate Tribunal to reduce the sale price to half of the amount claimed by the assessees - At this length of time, if the matters are remitted to the assessing authority for making fresh assessment, it causes undue hardship and lot of inconvenience to the assessees - In the absence of any criteria to reduce the sale price to half of the amount claimed by the asses-sees - Appeals are allowed
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