Supreme Court · 2007 INSC 580 · Decided 15 May 2007
Commissioner of Income Tax v. P. Mohanakala
- Court
- Supreme Court of India
- Citation
- 2007 INSC 580 · [2007] 6 S.C.R. 680
- Case number
- CIVIL APPEAL No. 2540/2007
- Decided
- 15 May 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 68, 260A
Headnote
OF INCOME TAX v. P. MOHANAKALA MAY 15, 2007 B [S.H. KAPADIA AND B. SUDERSHAN REDDY, JJ.) Income Tax Act, 1961-Sections 68 & 260A-Cash Credits-Assessee claiming amounts received from a foreign donor during relevant assessment ~ " 4-. c year as gifts on enquiry-Assessing Officer Court reappreciating the evidence and allowing the appeal of the assessee-Correctness of-Held, on facts, the opinion of the Assessing Officer in treating the amounts received by the D assessee as income of the assessee was based on materials on record and surrounding circumstances-Hence, the
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