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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Entitlement to expenses against the undisclosed receipts of ...


Revenue Rejects Assessee's Claim for Expenses on Undisclosed Truck Receipts Due to Lack of Substantiation and Presumptive Nature.

December 25, 2018

Case Laws     Income Tax     AT

Entitlement to expenses against the undisclosed receipts of truck - The assessee’s case, being wholly unsubstantiated and presumptuous, has thus rightly been not accepted by the Revenue.

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