2014 (2) TMI 184

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.... SC for Income Tax JUDGEMENT PER : Shaffique This appeal is filed against the order passed by the Income-Tax Appellate Tribunal, Cochin Bench in T.A.No.945/Coch/2008 (2002-03). The short facts of the case is that the appellant, an Astrologer by profession, has filed return of income disclosing a returnover of 2,67,430/-. After claiming various expenses, he turned an amount of 1,89,751/- a....

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....m of 10 lakhs gifted to the appellant was not to be taxed as income under the Income Tax Act for the relevant period." 3. The main contention urged by learned counsel for the appellant is that the amount of 10,00,000/- was received from some persons who had given confirmation letters. In the confirmation letters they have inter alia indicated that the contributions were paid by them since they ....

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....ncome Tax however contends that no question of law arises for consideration in the above matter. The assessee originally contended that the amounts were received from various persons from Tamil Nadu and later letters were given stating that an amount of 10,00,000/- was received from seven political leaders. Since the assessing officer, appellate authority and the Appellate Tribunal considered the ....

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....ictory of certain candidates and that as a mark of admiration, some amount was given to the assessee. The assessing officer proceeded on the basis that the assessee had rendered certain services in the form of performing poojas and further procedures. The amounts were paid when certain candidates were elected in the election as stated by the assessee. This, according to the assessing officer, has ....