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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Unexplained investment in land - the appellant had entered into ...


Appellant's 50% land ownership claim questioned due to lack of financial contribution; raises issues of unexplained investment.

March 14, 2017

Case Laws     Income Tax     AT

Unexplained investment in land - the appellant had entered into a deal to purchase this land and subsequent gone to get it registered; the eventual seller to her had registered it earlier as a purchaser; she was purported to be clearly 50% owner; no one can believe that she was entitled to such a benefit without spending a single rupee. - AT

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