Madras H.C : The AO was not correct in invoking ss. 69 and 69A of the IT Act, 1961, in the hands of the persons in whose names the monies stood invested on the ground that some members of the public have claimed monies as belonging to them and that too in the absence of any corroborative evidence
High Court Of Madras CIT vs. S. Kannaiyan Section 69 Asst. Year 1992-93, P.D. Dinakaran & P.P.S. Janarthana Raja, JJ. […]