Supreme Court of India
Chuharmal S/0 Takarmal Mohnani v. Commissioner of Income-tax, M.P., Bhopal
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4 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the opinion that this is a correct approach and follow ing this principle the High Court in the instant case was right in holding that the value of the wrist-watches represented the concealed income of the assessee.
Judgment, page 7
From the headnote
Income Tax Act, 1961: Sections 69A and 271(1)(c) Explana tion-Assessee--Customs authorities seizing foreign watches from assessee's bedroom-Assessee not showing that he was not owner Value of watches-Whether 'deemed income'-Assessable to tax. Penalty-Income returned less than 80% of income assessed Penalty can be imposed. Indian Evidence Act, 1872: Section 110-Normally title follows possession-Person shown to be in possession-Owner-Onus of prov ing that he is not owner is on person who affirms he is not owner Applicability of principle to income tax proceedings. Petitioner is the
Authorities it was built on
Where later benches applied it
- 2024 The State of Punjab and Ors. v. Bhagwantpal Singh Alias Bhagwant Singh (deceased) through Lrs.
- 2023 The Commissioner of Income Tax Jaipur v. Prakash Chand Lunia (d) Thr. Lrs. & Anr.
- 2023 M/s. D. N. Singh v. Commissioner of Income Tax, Central, Patna and Another
- 2006 Standard Chartered Bank v. Andhra Bank Financial Services Ltd. & Ors
Of those, 2 referred to · 2 mentioned
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