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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Additions u/s 69A - Once the assessee has sold the ornaments in ...


Taxpayers Must Prove Source of Ornaments Sold u/s 69A; Inheritance or Past Acquisition Must Be Demonstrated.

April 4, 2014

Case Laws     Income Tax     AT

Additions u/s 69A - Once the assessee has sold the ornaments in this year, the onus was on the assessee to prove that it has been acquired either by way of inheritance or by her in the earlier years - AT

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