Self declared income which otherwise not taxable as per law, cannot be taxed

Brief of the Case ITAT Delhi held In the case of Sh. Haripal Singh vs. ACIT that it is settled legal position that that there is no estoppels in law. If in law an item is not taxable, no amount of admission or misapprehension can make it taxable. The taxability or the authority to impose tax is independent of admission. The Department cannot rely upon any such admission or misapprehension if it is not otherwise taxable. It is always open to an assessee to take the plea that the figure, though shown in his return of total income, is not taxable in law. Facts of the Case The assessee is an indiv...