Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 333 - HC - Income TaxLegal Heir - unexplained investment - liability - held that:- Tribunal was of the opinion that when the documents were clearly indicative of the fact that the amount was given as loan by Shri Bhanuvijaysingh, and therefore, it upheld the addition made by the Assessing Officer. Clarifying further that the liability to pay the tax would only to be extent of assets of the appellant. Because, by that time, Shri Bhanuvijaysing had already passed away and he was being represented by his legal heir-present appellant. - Decided against the assessee.
|