Supreme Court Allows Assessee's Appeals in Income-tax Act, 1922 Case Concerning Taxability of Gifts. Court Holds Burden on Revenue to Prove Receipts Are Income, Not on Assessee to Prove Exemption Under Sections 3 and 4, Income-tax Act, 1922....
The assessee, a moneylender and cinema theatre operator at Nuzvid, filed a return of income for the assessment year 1947-48 disclosing receipt of jewellery and money aggregating Rs.5,20,000 from Sita ...




