LAWS(MAD)-2008-12-17

COMMISSIONER OF INCOME TAX Vs. K THANGAMANI

Decided On December 05, 2008
COMMISSIONER OF INCOME TAX Appellant
V/S
K. THANGAMANI Respondents

JUDGEMENT

(1.) THESE tax cases are at the instance of the revenue and the following substantial question of law is raised for our consideration:-

(2.) WHETHER in the facts and circumstances of the case, the Tribunal was right in holding that amounts earned fraudulently cannot be treated as income and taxed?"Factual Matrix:-

(3.) AGGRIEVED by the order of the Commissioner (Appeals), both the revenue as well as assessee filed appeals before the Income Tax Appellate Tribunal.