Income Tax Appellate Tribunal Itat Jaipur Court February 1982 Judgments Home Cases Income Tax Appellate Tribunal Itat Jaipur 1982 Page 1 of about 1 results (0.039 seconds)

income-tax Officer Vs. Sardar Kehar Singh (Huf)

Court : Income Tax Appellate Tribunal ITAT Jaipur

Reported in : (1982)1ITD678(JP.)

1. Involving very interesting facts, these appeals are filed by the revenue for the assessment years 1974-75 and 1975-76 against the orders of the Commissioner (Appeals). The assessee has filed cross-objections for both the years. Both the appeal and the cross-objections can be conveniently decided together and they are, therefore, consolidated.The assessee, inter alia, owns a house property at Chandigarh, income from which was assessed by the ITO in the original assessments framed on 28-10-1976 and 25-8-1977 for the years under appeal, respectively.Unexplained investment in the construction in both the years was not examined by the ITO at the stage of the original assessments. For both the years, the ITO observed at the stage of the original assessments that the investment in the property was not examined, as the construction was not complete during the period relevant to the assessment years in question. He already observed in both the assessment orders that the investment in the pr...