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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Even then, if the genuineness of all the person is disbelieved ...


Assessee Entitled to Set-Off by Determining Peak Credit Despite Disbelief in Genuineness of Individuals' Funds.

December 16, 2013

Case Laws     Income Tax     HC

Even then, if the genuineness of all the person is disbelieved and all the credits appearing in the different account are held to be the assessee's own moneys, the assessee will be entitled to set off and a determination of the peak credit after arranging all the credits in the chronological order - HC

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