Cit V D K - Judgment Search Results

D. K. B. and Co. Vs. Commissioner of Income-tax. (Cit V. D. K. B. and ...

Court: Kerala

Reported in: (1998)144CTR(Ker)653

in the reassessment based on the credits found in the bank account. The assessment was confirmed by the CIT (A) in appeal and the Tribunal.3. The case of the learned counsel for the petitioner is that the … showing that they have accepted Shri Bharathan as a partner.5. The decision of the Supreme Court in CIT vs . Daulat Ram Rawatmull : [1973]87ITR349(SC) was rightly distinguished by the Tribunal. The contention is that since the … the statement of two bank employees and another partner by name Shri K. Damodaran, it is clear that there are positive evidence to prove that … circumstances of the case, the Tribunal was correct in holding that the deposits in the name of R. Bharathan belong to the assessee-firm ?2. Whether,