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2017 (12) TMI 63 - HC - Income TaxAddition u/s 69 - assessee required to prove source of source - whether the assessee appellant had not sufficiently discharged the primary onus casted upon him? - Held that:- Tribunal has committed a serious error inasmuch as in view of the exemption which has been shown as a demand draft was taken on behalf of those persons which has come on record and it clearly established it was a business arrangement which was made. The A.O. has considered it to be as an investment but the amount which was deposited, was not either going to be deposited in terms of the investment or is going to get any interest on it. In that view of the matter under Sec. 69, it will be open for the department to assess those four persons independently as it could not be established the income of the assessee. In that view of the matter, both the issues are answered in favour of the assessee
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