Addition of sales of flats - suppression of sale price of the ...

Court Rules AO's Flat Sale Price Additions Unjustified; "Falsus in Uno" Principle Not Accepted in India.

June 21, 2021

Case Laws Income Tax AT

Addition of sales of flats - suppression of sale price of the flats in order to evade the tax - The maxim Falsus in uno and falsus in omnibus has an obligation in India and it has not received any acceptance or approval by the higher courts. It is therefore clear that the action of the AO in calculating the so-called understatement of the cost of the flats for all the 3 years and making addition is accordingly cannot be justified. - AT

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Addition of sales of flats - suppression of sale price of the ...

Court Rules AO's Flat Sale Price Additions Unjustified; "Falsus in Uno" Principle Not Accepted in India.

June 21, 2021

Case Laws Income Tax AT

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