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2013 (5) TMI 334 - KARNATAKA HIGH COURTUndisclosed income - income on interest on fixed deposits, income under the head of capital gains and rental income - Held that:- The assessee has filed its return for the assessment year 1999-200 on 29.06.2001 disclosing the aforesaid income. That is the income for the relevant assessment year for the block period, though the assessee had incurred, it was well within the taxable limit. It is by adding 10 years income, it was made to appear as if, he is evading tax. Two fact finding authorities on proper appreciation of the material on record have exposed this mistake committed by the Assessing Authority. No merit in this appeal. The substantial question of law is answered in favour of the assessee and against the revenue.
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