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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Unaccounted cash found during the course of search - Apex Court ...


Apex Court Endorses Telescoping; No Extra Tax for Unaccounted Cash & Jewelry Due to Revenue's Failure to Prove Investment.

January 27, 2017

Case Laws     Income Tax     AT

Unaccounted cash found during the course of search - Apex Court has approved the concept of telescoping - Revenue has not been able to prove that undisclosed has been invested in investment other than cash and jewellery - No additions - AT

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