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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Onus to prove – the revenue has to prove the existence of a fact ...


Revenue Authority Must Prove Asset Undervaluation Before Burden Shifts to Taxpayer to Disprove Claim.

April 2, 2014

Case Laws     Income Tax     HC

Onus to prove – the revenue has to prove the existence of a fact that undervaluation of asset was made by the assessee - When that fact is proved, the burden shifts to the assessee to prove otherwise - HC

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