CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM
In the result, the appeals of the assesses in ITA no
ITA 305/COCH/2019[2005-06]Status: DisposedITAT Cochin30 Sept 2019AY 2005-06
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
153A of the IT
Act, 1961. As an explanation for the source of funds for the credits in bank accounts
the assesseestated that he owned 5 acres of Rubber Estate, the trees standing in
those Estates were sold in 1996 for replanting and he had received approximately
Rs.15 lakhs for those rubber trees in 1996 and cash received on sale
