Addition of surrendered income - retraction of statement - Such ...

Surrendered income addition upheld; retraction via late affidavit dismissed. Consistent, timely declarations crucial in tax cases.

November 20, 2018

Case Laws Income Tax HC

Addition of surrendered income - retraction of statement - Such a statement when recorded at two stages cannot be discarded summarily in cryptic manner by observing that the assessee in a belatedly filed affidavit has retracted from his statement - additions confirmed.

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Addition of surrendered income - retraction of statement - Such ...

Surrendered income addition upheld; retraction via late affidavit dismissed. Consistent, timely declarations crucial in tax cases.

November 20, 2018

Case Laws Income Tax HC

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