Unexplained cash deposits u/s. 68 - receipt of gift from the ...

Burden of Proof Shifts to Revenue Authorities for Unexplained Cash Deposits u/s 68 with Donor Confirmation.

March 1, 2021

Case Laws Income Tax AT

Unexplained cash deposits u/s. 68 - receipt of gift from the relatives - Once the confirmation letter was filed by the assessee from Donor, the burden cast upon assessee is discharged and it would shift to revenue authorities. The Revenue authorities cannot make addition without making any further enquiry. - AT

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Unexplained cash deposits u/s. 68 - receipt of gift from the ...

Burden of Proof Shifts to Revenue Authorities for Unexplained Cash Deposits u/s 68 with Donor Confirmation.

March 1, 2021

Case Laws Income Tax AT

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