Amount claimed to be received as nominee of deceased friend without supportive documents is taxable

Shri Satyendra Nath Kukreja Vs ITO (ITAT Delhi)

AR for the assessee challenging the impugned order passed by ld. CIT (A) contended that since the assessee has received the amount in question as a nominee of Shri Tek Chand Bhardwaj after his death being a childhood friend, the same is not liable to be taxed;

However, on the other hand, to repel the arguments addressed by the ld. AR for the assessee, the ld. DR for the Revenue contended that nomination letter relied upon by the assessee is a

Please become a Premium member. If you are already a Premium member, login here to access the full content.