TMI BlogUndisclosed unaccounted expenditure and undisclosed income - By the connotation of "right person", it is...Undisclosed unaccounted expenditure and undisclosed income - By the connotation of "right person", it is meant the person who is liable to be taxed, according to law, with respect to a particular income. And that the expression "wrong person" is obviously used as an antithesis of the expression "right person" only. - We observe that this assessee is the "managing director" in the company. - And that it is this latter entity which the fact is engaged in all the business activity(ies) and has been..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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