Surrendered income - Surrender by the son of the assessee during ...

Taxpayer Omitted Income from Return; Officer Questions Voluntary Nature of Surrender by Son.

April 8, 2023

Case Laws Income Tax AT

Surrendered income - Surrender by the son of the assessee during the course of survey - the delay in retraction by the assessee as pointed out by the Ld. AO cannot be of much significance when admittedly the assessee did not declare the surrendered amount in the return filed by her on 31.10.2018 just after a few months of the survey. This is also indicative of the fact that the surrender was not voluntary and with the consent of the assessee. - AT

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Surrendered income - Surrender by the son of the assessee during ...

Taxpayer Omitted Income from Return; Officer Questions Voluntary Nature of Surrender by Son.

April 8, 2023

Case Laws Income Tax AT

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