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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Undisclosed cash credit - receipt from the close relatives of ...


Court Upholds Addition of Undisclosed Cash Credits from Relatives; Decision Based on Proven Creditworthiness, Not Suspicion.

April 14, 2017

Case Laws     Income Tax     HC

Undisclosed cash credit - receipt from the close relatives of the Assessee - creditworthiness and source - additions have not been made based on mere suspicion, surmises and/or conjectures, as alleged by the Assessee - additions confirmed - HC

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