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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Undisclosed investment u/s 69 - it is not open to the Assessing ...


Tax Officer Cannot Assume 'Sh' and 'Q' as Payments Without Proof u/s 69, Income Tax Act.

February 14, 2019

Case Laws     Income Tax     HC

Undisclosed investment u/s 69 - it is not open to the Assessing Officer to draw inferences from the document by interpreting the words “Sh” to mean cash payment and “Q” to mean cheque payment without any evidence on record.

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