23 results for “house property”+ Section 48clear
Sorted by relevance
Key Topics
Showing 1–20 of 23 · Page 1 of 2
In the result, the appeal of revenue is dismissed
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
house property was sold in 2001 and the payment for the same was received by draft and cheque in January/February 2001. This receipt was also about three and half years prior to the cash introduction of Rs. 6, 20, 000/- in the assessee firm. From this it can be seen that the assessee has failed to explain the immediate source