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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Addition u/s 69 as undisclosed income - the burden to prove the ...


Undisclosed Income Case u/s 69: Taxpayer Must Prove Source of Deposits; Case Sent for Further Review.

October 14, 2020

Case Laws     Income Tax     AT

Addition u/s 69 as undisclosed income - the burden to prove the source and credibility of deposits and statement of the assessee - opportunity to discharge this burden has to be given to the assessee by the AO - Matter remanded back - AT

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