Undisclosed income of the assessee - Unexplained NRI gifts - ...

Court Scrutinizes Undisclosed Income from NRI Gifts; Appellant Must Prove Legitimacy to Avoid Extra Tax.

October 6, 2022

Case Laws Income Tax HC

Undisclosed income of the assessee - Unexplained NRI gifts - onus to prove - Had the appellant given a convincing and believable explanation / reply to the respondent, the question of charging additional tax would not have arisen. That apart, no gifts would be extended to a person after receipt of commission by the donors and the exchange of gifts must be warmhearted and not out of compulsion or demand. - HC

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Undisclosed income of the assessee - Unexplained NRI gifts - ...

Court Scrutinizes Undisclosed Income from NRI Gifts; Appellant Must Prove Legitimacy to Avoid Extra Tax.

October 6, 2022

Case Laws Income Tax HC

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