Nature of surrendered income - business income or otherwise - It ...

Case Laws Income Tax

March 7, 2023

Nature of surrendered income - business income or otherwise - It is for the Revenue to prove that there were some other sources noticed. We cannot expect the assessee to prove the negative. In the peculiar facts of the present case as available on record we find that the surrender was from the normal business income of the assessee. - AT

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Nature of surrendered income - business income or otherwise - It ...

Case Laws Income Tax

March 7, 2023

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