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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Rejection of books of accounts - There cannot be negative onus ...


Court Rules Assessee Not Required to Prove Negative Onus in NSEL Dispute; No Evidence of Sham Transactions Found.

November 11, 2017

Case Laws     Income Tax     AT

Rejection of books of accounts - There cannot be negative onus on assessee to prove it has not made purchases from NSEL in dispute. No evidence of any sham purchases/transactions have been brought on record. No evidence of any purchase made by assessee from NSEL have been brought on record. - AT

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