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2014 (4) TMI 1223 - HC - Income TaxAssessment of income - addition on account of profit arising from the sale of 11 flats admeasuring 1943 square metres out of which 50% has been taxed for each of the respondents abovenamed - It was the case of the assessee that the said amount was already assessed in the hands of one Mr. Monserrate (in whose favor construction right was transferred) for earlier assessment year and as such the taxation in the hands of the respondent would amount to double addition. Held that:- Authorities below have concurrently found on the basis of appreciation of evidence on record that there was no transfer and as such the income could not be taxed in the hands of the respondent herein. The records also reveal that the person to whom flats have been assigned have duly been taxed on such income. As such the income of the said flats were shown in his return. The concurrent findings of fact arrived at by the authorities below based on evidence on record cannot be re-appreciated by this Court in the present appeal u/s 260A of the Income Tax Act unless any perversity is disclosed by the appellant.
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