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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Unexplained investment - no person would execute the sale deed ...


Court Rejects Claim of Unpaid Sale Consideration, Labels It an Afterthought in Unexplained Investment Case.

May 6, 2015

Case Laws     Income Tax     AT

Unexplained investment - no person would execute the sale deed without receiving the full sale consideration agreed upon as per the agreement or MOU - its claim that the part of the consideration agreed upon as per the MOU was not actually paid is only an afterthought and cannot be accepted. - AT

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