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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Addition in the hands of the assessee - Family Trust - assessee ...

Income Tax

July 21, 2020

Addition in the hands of the assessee - Family Trust - assessee was a beneficiary - It is wholly un-understandable as to how can assessee, on one hand, seek to treat a cleverly worded private letter from HSBC Private Bank (Suisse) SA as gospel truth, and, on the other hand, effectively stall, by declining consent waiver and by stating half truths- even if her statements have an element of truth, the Assessing Officer obtaining direct information from the same organization.

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