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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Unexplained investment u/s 69 - the burden is on the Department ...


Tax Authorities Must Prove Fair Market Value Exceeds Declared Value for Unexplained Investments u/s 69.

April 18, 2012

Case Laws     Income Tax     HC

Unexplained investment u/s 69 - the burden is on the Department to show that the fair market value of the assets as on the date of purchase was more than the value declared by the assessee - HC

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