Tax on sale of property belonging to father is not leviable on son

Gurbinder Singh Mahal Vs ITO (ITAT Amritsar) ITAT Amritsar held that the assessee is not liable for payment of tax related to sale of property which belong to his father. Accordingly, addition liable to be quashed. Facts- The addition was made by AO for depositing of cash total in two bank accounts of the assessee. The addition of Rs.1,95,47,959/- was confirmed and the assessment was completed u/s 144 of the Act. The assessee prayed that the entire amount of deposit was not properly reconciled by the AO. The withdraw of cash was also not considered in the assessment order. Further, the source ...