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Income Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Addition u/s 68 - unexplained credits - The burden to prove ...

Income Tax

December 2, 2023

Addition u/s 68 - unexplained credits - The burden to prove otherwise rested squarely on the revenue authorities. Unless the initial onus had been discharged by leading some evidence that may have led itself to the conclusion that the investment was never made, the burden that was cast on the revenue remained undischarged. - HC

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