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1 - 5 of 5 (0.98 seconds)Chuharmal S/O Takarmal Mohnani vs Commissioner Of Income-Tax, M.P., ... on 2 May, 1988
In the case of
Chuharmal v. C.I.T. reported in (1988) 3 SCC 588 it has been held by this
Court that the word 'income' in Section 69A of the Income Tax Act has
wide meaning which meant anything which came in as gain. In the present
case, the assessee did not adduce any evidence to show that the aforestated
amount did not belong to him. In the facts of this case, therefore, the
Department was right in drawing inference that the assessee had the
aforestated amount as his income which was subject to tax under Section
69A. In our view, the Tribunal should not have interfered with these findings
of fact rightly recorded by the A.O. and the C.I.T.(A).
Section 69 in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 110 in The Indian Evidence Act, 1872 [Entire Act]
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