Unexplained gift/loans received - Gift received - the capacity ...

Revenue Authorities Confirm Tax Additions Due to Assessee's Failure to Prove Creditor's Capacity in Unexplained Gifts Case.

August 5, 2015

Case Laws Income Tax AT

Unexplained gift/loans received - Gift received - the capacity of the creditor alone was questioned by the revenue authorities. This cannot be equated as calling upon the assessee to furnish source of source - assessee failed to prove the capacity - additions confirmed - AT

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Unexplained gift/loans received - Gift received - the capacity ...

Revenue Authorities Confirm Tax Additions Due to Assessee's Failure to Prove Creditor's Capacity in Unexplained Gifts Case.

August 5, 2015

Case Laws Income Tax AT

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