Unexplained income - The revenue authorities should have given ...

Income Tax

May 5, 2021

Unexplained income - The revenue authorities should have given due regard and latitude to human conduct and behaviour while considering the validity and truthfulness of an explanation. One should not consider and reject an explanation as concocted and contrived by applying prudent man’s behaviour test. The principle of preponderance of probability as a test is to be applied and is sufficient to discharge onus. - AT

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Unexplained income - The revenue authorities should have given ...

Income Tax

May 5, 2021

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