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COMMISSIONER OF INCOME-TAX versus SMT. P. K. NOORJAHAN

The words and phrases have been used in the same section of the bill introduced in Parliament, while inserting section 69 in the Income Tax Act, 1961, but the words mentioned in the Select Committee on consideration and recommendation of this bill. Can be substituted with the word which clearly shows that the intention of enacting Section 69 of Parliament was to give the Income Tax Officer discretion in dealing with the source of investment which is not a satisfactory explanation. Has been done The Assessee's Income and Income Tax Officer is not obliged to treat such investment as income by Assessment where the explanation offered by Assisi is not satisfactory, the question is whether the source of the investment In the light of the facts of each case, whether or not it should be treated as income under section 69 criminal advocate from Haroonabad lawyer