Shri K. P. Abdul Majeed Versus The Assistant Commissioner of Income tax - Income Tax - ITAT COCHIN - Tri - Whether the money transactions carried out through the bank accounts opened in the name of various partnership firms constituted by the employees and relatives of the assessee, belong to the assessee or not? - Held that - the tax authorities have come to the conclusion, which was not rebutted at all by the assessee, that the partners are men of small means and further they are employees/rel................................... Income Tax - Case Laws
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