Onus lay upon Assessee to displace said presumption. As we have ...

Taxpayer Fails to Disprove Presumption u/s 132(4A) of Income Tax Act; False Claims Lead to Adverse Findings.

March 31, 2017

Case Laws Income Tax HC

Onus lay upon Assessee to displace said presumption. As we have seen that Assessee gave explanation disowning documents stating that same related to some others but those others denied. It shows that a false statement given by Assessee. Assessee, therefore, fails to dislodge presumption, which, the authorities were justified, in drawing against Assessee, in view of Section 132(4A) of Act, 1961 - HC

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Onus lay upon Assessee to displace said presumption. As we have ...

Taxpayer Fails to Disprove Presumption u/s 132(4A) of Income Tax Act; False Claims Lead to Adverse Findings.

March 31, 2017

Case Laws Income Tax HC

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