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2006 (2) TMI 134 - HC - Income TaxAdditions u/s 69A - admitted facts were that the entire sum was credited in the bank accounts of the assessee by cash and the assessee through his authorised representative, Mr. Mariappa Goundar, who is none other than the father of the assessee, withdrew the entire money from the banks just prior to the date of the raid. It is clear that the entire money was in the possession of the assessee. The assessee is receiving a small amount as salary. The assessee was not disclosing the true picture of how he came into possession of such huge amount. Since the entire amount was deposited in the assessee's accounts and the assessee was not prepared to disclose the source of its receipt, the natural presumption would be that the assessee was the owner of the entire money. - Assessee failed to prove that the money does not belong to him and hence, the authorities were right in assessing u/s 69A
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