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Parminder Singh vs Ito on 28 May, 2003

II (3), Jalandhar, at an income of Rs. 99,33,890. It is stated that it is not the duty of the appellant to prove that from which source the creditor is earning his income. Further confirmation from Sh. Naresh Kapoor has also been filed. The counsel also relied on the decision of Tribunal, Jaipur, in Mola Bux v. ITO (1995) 51 TTJ (Jp) 1, wherein it has been held that where the amount in question stood assessed in the respective hands of the creditor and that assessment has not been called as bad or ineffective and there was no material on record to suggest that the amounts of cash credits represented assessee's income.
Income Tax Appellate Tribunal - Chandigarh Cites 9 - Cited by 0 - Full Document
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