Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1972 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (6) TMI 10 - HC - Income TaxWhile enquiring into the purchase and sale of flats the Income-tax Officer found entries pertaining to a sum of Rs.95,000 in the books of the assessee. A sum of Rs. 95,000 was alleged to have been borrowed by her(assessee) on hundi loans – held that once the assessee indicated reasonably a source to which the amount of Rs. 95,000 could well be attributed the assessee has discharged the burden of proof on her - finding of the Tribunal that the transactions of loans were fictitious was based on evidence - issue being one of fact, it cannot be taken up in reference
|