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Income Tax - Highlights / Catch Notes

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Unexplained investment - lottery coupons found in possession in ...


Unexplained Lottery Coupons Lead to Tax Additions; Highlights Need for Clear Asset Ownership Explanations to Avoid Tax Issues.

March 20, 2019

Case Laws     Income Tax     AT

Unexplained investment - lottery coupons found in possession in search - No explanation to whom it belongs - additions confirmed since there is a proximity between the coupons and investment

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