1983 (10) TMI 37 - HC - Income Tax

Summary

The High Court of Delhi held that the Tribunal was not legally right in deleting the addition of Rs. 30,000 as unexplained income of the assessee. The court ruled that the deeming fiction created by the Income Tax Act was limited in scope and could not be invoked in assessment proceedings for persons other than the declarant. The decision was in favor of the Department and against the assessee. No costs were awarded as the assessee did not appear.