Addition of sale proceeds of the shares as undisclosed income of ...
Income Tax
September 8, 2018
Addition of sale proceeds of the shares as undisclosed income of the assessee u/s 68 - rejecting the claim of the assessee exemption u/s 10(38) - Claim cannot be rejected on the basis of suspicion, surmises and conjectures. It is to be kept in mind that suspicion how so ever strong, cannot partake the character of legal evidence.
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