Supreme Court · 2010 INSC 850 · Decided 6 December 2010
Vijay Kumar Talwar v. Commissioner of Income Tax, Delhi
- Court
- Supreme Court of India
- Citation
- 2010 INSC 850 · [2010] 14 S.C.R. 499
- Case number
- CIVIL APPEAL No. 3265/2003
- Decided
- 6 December 2010
- Bench
- D.K. JAIN, T.S. THAKUR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 260A
Headnote
Income Tax Act, 1961: A B s. 68 - Presumption under - Non-satisfactory explanation c by assessee about the nature and source of the cash receipts credited in his account books - Held: Presumption u/s. 68 is to be drawn against him - The sum found credited in the books of assessee for the previous to tax as income of assessee of that previous year since no satisfactory D explanation was offered by him - The conclusion of the Tribunal to the effect that the assessee has failed to prove the source of the cash credits cannot be said to be perverse, giving rise to a substantial question of
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