Addition based on foreign HSBC bank accounts - information ...

Court Rules Presumption Insufficient Without Concrete Evidence in HSBC Bank Account Case Under DTAA Provisions.

June 21, 2019

Case Laws Income Tax AT

Addition based on foreign HSBC bank accounts - information received from French Government under DTAA - no material or evidence to say that the assessee was connected with the bank accounts in question - addition is is based on the presumption that the assessee has routed the money sourced from India through the three entities into the bank accounts in question - presumption, howsoever, strong cannot substitute an evidence - no addition

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Addition based on foreign HSBC bank accounts - information ...

Court Rules Presumption Insufficient Without Concrete Evidence in HSBC Bank Account Case Under DTAA Provisions.

June 21, 2019

Case Laws Income Tax AT

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