The income tax department cannot presume something to have ...

Case Laws Income Tax

January 8, 2019

The income tax department cannot presume something to have happened five years ago just because in the assessment year 1997-98 the assessee failed to explain its source of fund u/s 68 and cash fund u/s 269SS. It did not mean that it indulged in similar activity in the previous year 1992-93.

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The income tax department cannot presume something to have ...

Case Laws Income Tax

January 8, 2019

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