Block assessment - Receipt of two gifts received by the assessee ...

Court Rules Block Assessment Invalid Without Incriminating Evidence; Highlights Need for Transparent Financial Records.

March 7, 2017

Case Laws Income Tax HC

Block assessment - Receipt of two gifts received by the assessee and the gift to the Assessee’s wife - Where an income and assets are disclosed in the books of account and no incriminating material is found during search and seizure, addition in the block assessment is not valid. - HC

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Block assessment - Receipt of two gifts received by the assessee ...

Court Rules Block Assessment Invalid Without Incriminating Evidence; Highlights Need for Transparent Financial Records.

March 7, 2017

Case Laws Income Tax HC

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