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2015 (4) TMI 879 - HC - Income TaxUnexplained investments - addition u/s 69C deleted by ITAT - Held that:- Since the substantial amounts to the extent of ₹ 45 lakhs were explained by the assessee, the view of the ITAT reversing the remission to the extent of ₹ 10,63,000/- cannot, in the circumstances of the case, be deemed to be unexplained. In any event, even if this Court were to entertain the said matter, so far as the small denomination demand drafts of ₹ 19,500/- are concerned, the total amount on that account itself would be only ₹ 10,63,000/- - a sum clearly below the tax-effect threshold which entitles the Revenue to approach this Court under Section 260A. No question of law is made out. - Decided against revenue.
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