Retraction made of statement - Exhibition of the mistake or ...

Income tax retraction requires proof of initial error; a new voluntary statement isn't enough. Assessee holds burden of proof.

November 11, 2013

Case Laws Income Tax AT

Retraction made of statement - Exhibition of the mistake or error or incorrect statement, with which the earlier statement is ostensibly imbued with, a matter of fact, is a burden cast by the law on the assessee, and cannot be discharged merely by another ‘voluntary’ statement. - AT

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Retraction made of statement - Exhibition of the mistake or ...

Income tax retraction requires proof of initial error; a new voluntary statement isn't enough. Assessee holds burden of proof.

November 11, 2013

Case Laws Income Tax AT

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