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2007 (7) TMI 204 - SC - Income Tax
Whether Tribunal was right in holding that income on the unexplained investments should be considered in the hands of the firm, M/s. V.V. Enterprises - assessee, was connected with the firm - evidences indicates that even the partners of the firm were fictitious - Tribunal erred in directing linking up of the deposits with the accounts of firm - onus of proving the source of deposit primarily rested on the persons in whose names the deposit appeared in various banks - revenue appeal is allowed