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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Unexplained cash credit - sale of gold and jewellery belong to ...


Court Rules Jewelry Sale for Charity Not Assessee's Income; Unexplained Cash Credit Cleared.

December 16, 2013

Case Laws     Income Tax     AT

Unexplained cash credit - sale of gold and jewellery belong to Mother - The assessee being only a facilitator for doing charity on behalf of her late mother, the deposits made in one bank account on account of sale of jewellery cannot be assessed as income of the assessee - AT

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