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Income Tax - Highlights / Catch Notes

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Unexplained investment in silver articles - assessee failed to ...


Assessee Fails to Explain Silver Investment; AO Attributes 50% Ownership Based on Family's Social and Financial Standing.

April 29, 2017

Case Laws     Income Tax     AT

Unexplained investment in silver articles - assessee failed to come out with the plausible explanation in this regard as the silver articles have been found in his possession - AO taking into consideration the social and financial standing of the family has arrived at 50% which is just and proper. - AT

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