COMMISSIONER OF INCOME TAX Vs. RAM VILAS SONI

JUDGEMENT

(1.) This appeal is preferred to question correctness of the order dated 28.11.2013 passed by the Income Tax Appellate Tribunal, Jodhpur Bench, Jodhpur affirming the order dated 04.02.2002 passed by the Commissioner of Income Tax (Appeals). The Revenue has suggested the following substantial questions of law :-

(2.) On examination of the orders passed by the Commissioner of Income Tax as well as the Income Tax Appellate Tribunal, we do not find any just reason to treat the questions aforesaid as substantial questions of law. It is apparent that the Assessing Officer while making the additions on account of unexplained investment in purchase of property did not consider the issue that the investment, as a matter of fact, was made by Nagraj Soni, son of the assessee, Mrs. Mohini Devi, wife of the assessee and Mr. Ramvilas Moolchand Soni HUF. These investments were made in the purchase of the property out of their own sourse of income. The persons named above were assessed as HUF, which filed returns of income and had duly shown therein the investments made by it. The block assessment was also shown by these assessees.

(3.) In view of it, no reason exists to interfere with the matter. The appeal is dismissed, accordingly.