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1 - 8 of 8 (0.27 seconds)The Commissioner Of Income Tax vs S.Muthukarupan on 11 September, 2006
In the instant case also the assessee received the gifts along with
the three other family members from the same person. The source of the
8 ITA No. 2796, 2798, 2800, 2802/M/09
Praveen Kumar (HUF)
donor for making the gifts was the same and the transaction was also
through the similar banking channel, therefore, in view of the ratio laid
down in the aforesaid referred to case, no different stand could have
been taken in the case of assessee when the department had already
accepted the genuineness of a similar gift vide assessment order dated
31/03/2006 passed under section 143(3) of the Act in the case of Raj
Kumar Aora HUF belonging to the same group, to which the assessee
belongs. In that view of the matter, we do not see any infirmity in the
order of learned CIT(A).
Section 153A in The Income Tax Act, 1961 [Entire Act]
Section 69A in The Income Tax Act, 1961 [Entire Act]
The Commissioner Of Income-Tax, Madras vs Sri Meenakshi Mills Ltd. & Ors on 25 October, 1966
Macdowells and Company Ltd Vs CTO 154 ITR 148, CIT
Vs. Sri Meenakshi Mills Ltd. 63 ITR 609, CIT Vs Durgaprasad
More - 82 ITR 540 and Juggilal Kamapat Vs CIT 73 ITR 702 (SC)
"v. The learned CIT(A) has erred in holding the details filed before
the A.O. proved the genuineness of the transaction without
verifying the details himself as there is no finding in his order
that the details filed were duly verified by him and found to be
correct".
Section 263 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax vs Durgaprasad Rajaram Adatiya on 8 April, 1983
Macdowells and Company Ltd Vs CTO 154 ITR 148, CIT
Vs. Sri Meenakshi Mills Ltd. 63 ITR 609, CIT Vs Durgaprasad
More - 82 ITR 540 and Juggilal Kamapat Vs CIT 73 ITR 702 (SC)
"v. The learned CIT(A) has erred in holding the details filed before
the A.O. proved the genuineness of the transaction without
verifying the details himself as there is no finding in his order
that the details filed were duly verified by him and found to be
correct".
The Transfer Of Property Act, 1882
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