Unexplained income u/s 68 - the concept of “shifting onus” does ...

December 25, 2012

Case Laws Income Tax HC

Unexplained income u/s 68 - the concept of “shifting onus” does not mean that once certain facts are provided, the assesse’s duties are over. If on verification, or during proceedings, the AO cannot contact the share applicants, or that the information becomes unverifiable, or there are further doubts in the pursuit of such details, the onus shifts back to the assessee. - HC

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Unexplained income u/s 68 - the concept of “shifting onus” does ...

December 25, 2012

Case Laws Income Tax HC

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