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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Undisclosed interest income - search & seizure u/s 132 - dump ...

Income Tax

March 6, 2019

Undisclosed interest income - search & seizure u/s 132 - dump documents relied upon - AO has invoked the provisions u/s 292C that there is a presumption that the contents of the documents are true - assessee apparently goes to prove that the document is unnamed, unsigned, vague & ambiguous one and it is not proved on record also that if the same is in the handwriting of the assessee - the presumption arises u/s 292C is rebuttable one. Addition deleted.

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