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1 - 2 of 2 (0.21 seconds)Sumati Dayal vs Commissioner Of Income-Tax, Bangalore on 28 March, 1995
It is the duty of the taxing authority to probe what lies
hidden behind a transaction and the Assessing Officer in this case
has done his duty too well. The Hon'ble Supreme Court in the
case of CIT Vs.Durga Prasad More 82 ITR 540 (SC) at pages 545
and 547 has laid down that `the apparent must be considered the
real until it is shown that there are reasons to believe that the
apparent is not the real and that the taxing authorities are entitled to
look into the surrounding circumstances to find out the reality and
the matter has to be considered by applying the test of human
probabilities.' This case has been referred to by the Hon'ble
Supreme Court in the case of Sumati Dayal Vs. CIT 214 ITR (801)
also to examine the circumstances in Sumati Dayal's case.
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