Addition in the hands of the assessee - Family Trust - assessee ...

Assessee's Contradictory Actions with HSBC Letter Spark Transparency Concerns in Tax Assessment for Family Trust Beneficiary.

July 21, 2020

Case Laws Income Tax AT

Addition in the hands of the assessee - Family Trust - assessee was a beneficiary - It is wholly un-understandable as to how can assessee, on one hand, seek to treat a cleverly worded private letter from HSBC Private Bank (Suisse) SA as gospel truth, and, on the other hand, effectively stall, by declining consent waiver and by stating half truths- even if her statements have an element of truth, the Assessing Officer obtaining direct information from the same organization.

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Addition in the hands of the assessee - Family Trust - assessee ...

Assessee's Contradictory Actions with HSBC Letter Spark Transparency Concerns in Tax Assessment for Family Trust Beneficiary.

July 21, 2020

Case Laws Income Tax AT

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