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2005 (9) TMI 35 - HC - Income Tax"(ii) Whether Tribunal was legally correct in holding that the assessee was the owner of the demand drafts of the aggregate value of Rs. 12,79,433 and addition for the same had rightly been made in its hands, by invoking the provisions of section 69/69A of the Act? (iv) Whether in the absence of any material having been brought on record to show that it was the assessee who made investment in the said demand drafts of the value aggregating Rs. 12,79,433 (Rs. 7,36,921 + Rs. 5,42,512) the Tribunal was legally correct in holding that the provisions of section 69 were applicable and in further taking a view that the source of investment in such demand drafts remained unexplained, so as to attract additions for the same in its hands?"
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