Court held that while estimating the income from transport business, Tribunal should have adopted same method in case of assessee’s son. As regards income from shares rightly assesses in the hands of individual which is a factual finding. As regards estimation of income could not be telescoped. ( AY. 1987-88-1988-89)
S. Dhanapal (Smaller (HUF) (Specified) v. ACIT (2019) 410 ITR 230 (Mad.) (HC) S.Dhanpal (Bigger HUF) (Specified) v. ACIT (2019) 410 ITR 230 (Mad.) (HC) S. Dhanpal (Individual) v. ACIT (2019) 410 ITR 230 (Mad.)(HC)
S. 143(3) : Assessment-Transport business—Estimation of income- Tribunal should have adopted same method in case of assessee’s son-Income from shares- Assessable in the hands of individual-Question of fact -Estimation of income–Could not be telescoped. [S. 5, 145]