Section 69B: Definitive Findings Needed, Not Assumptions, for Understated Investment Claims in Tax Records.

Section 69B cannot be invoked on the assumption that there was understatement of the investment, without a finding that the assessee invested more than what was recorded in the books of account. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X