1997 (1) TMI 6 - SC - Income Tax

Tribunal has found that the sources of investments (i.e. that the same were financed from out of the savings from the income of the properties which were left by her mother's first husband) could not be treated as income of the assessee - on a true interpretation of section 69, the Tribunal is right in law in holding that section 69 cannot be invoked in respect of the investments of the assessee and that, therefore, the addition made should be deleted