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2015 (3) TMI 841 - HC - Income TaxUnaccounted cash - sale of shops - Held that:- the findings of fact recorded by the Commissioner and the Tribunal do not raise any substantial question of law. If the actual area purchased by the Assessee is 454.50 square feet and the Assessing Officer accepts this transaction, then, consideration in respect thereof ought to have been accepted and the sum paid by way of cheque is the only component in the transaction. The cash payment of 52,26,000/- is not relatable to the sale in favour of the Assessee nor to any specific shop. Going by the cross examination of Kantilal Patel and the specific answer to a question by him it is evident that it is not established that the Assessee actually paid ₹ 52,26,000/- over and above the purchase consideration paid by cheque. In the circumstances, we do not think that the Appeal raises any substantial question of law. Appeal dismissed.
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