https://www.taxtmi.com/caselaws?id=431282 The Court allowed the appeal, ruling in favor of the Assessee and against the Revenue. The additions to the assessment were deemed unsustainable due to lack of thorough investigation and incorrect application of the law. The Court emphasized that the tax authorities cannot question the validity of a WILL but can examine it for transactional purposes, highlighting the inadequacy of the authorities' inquiry into the matter. The decision favored the Assessee, concluding that the assessment based on the notarization of the WILL and creditworthiness was not justified. en-us Tue, 20 Sep 2022 00:00:00 +0530 Fri, 09 Dec 2022 10:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431282 The Court allowed the appeal, ruling in favor of the Assessee and against the Revenue. The additions to the assessment were deemed unsustainable due to lack of thorough investigation and incorrect application of the law. The Court emphasized that the tax authorities cannot question the validity of a WILL but can examine it for transactional purposes, highlighting the inadequacy of the authorities' inquiry into the matter. The decision favored the Assessee, concluding that the assessment based on the notarization of the WILL and creditworthiness was not justified. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431282