Will Executed on Plain Paper Admissible as Income Proof: ITAT

The ITAT ruled that a will executed on plain paper is admissible as proof of income in certain cases, rejecting the tax department's argument that only registered documents are valid. The tribunal emphasized that the content and intent of the document, rather than its form, should be the focus. This decision could influence future tax assessments, especially in cases involving inheritance or family-owned assets, where formal documentation is often lacking.