Unexplained gift/loans received - Gift received - the capacity ...

Income Tax

August 5, 2015

Unexplained gift/loans received - Gift received - the capacity of the creditor alone was questioned by the revenue authorities. This cannot be equated as calling upon the assessee to furnish source of source - assessee failed to prove the capacity - additions confirmed - AT

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Unexplained gift/loans received - Gift received - the capacity ...

Income Tax

August 5, 2015

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