1981 (5) TMI 77 - AT - Income Tax

Summary

The deceased's estate was assessed under the ED Act, with discrepancies in disclosed value leading to a rectification under s. 61. The accountable person's appeal contended that the investment in housing for coal miners did not belong to the deceased, leading to the exclusion of Rs. 47,765. The CED (Appeals) decision was upheld, stating that the deceased had no interest in the property and the appeal was dismissed.