Unexplained cash credit - To presume huge withdrawal was spent ...

Court Rules Unexplained Cash Credit Valid; Large Withdrawal Assumptions Without Evidence Deemed Incorrect.

January 8, 2014

Case Laws Income Tax AT

Unexplained cash credit - To presume huge withdrawal was spent by the assessee in the absence of any evidence of its utilization would be a wrong presumption - deposit of cash accepted as duly explained - AT

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Unexplained cash credit - To presume huge withdrawal was spent ...

Court Rules Unexplained Cash Credit Valid; Large Withdrawal Assumptions Without Evidence Deemed Incorrect.

January 8, 2014

Case Laws Income Tax AT

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