Unexplained investment - Poof of source for the specified bank ...

Taxpayer Fails to Prove Source of Demonetized Currency; Additions Confirmed by Tax Authorities Under Scrutiny.

October 3, 2023

Case Laws Income Tax AT

Unexplained investment - Poof of source for the specified bank notes being the demonetised currency deposited in the bank account - if the assessee desires to take the stand that the SBNs were the currency received between 08.11.2016 to 12.11.2016, it would be incumbent upon the assessee to prove to the revenue as to from whom he has received the SBNs - Additions confirmed - AT

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Unexplained investment - Poof of source for the specified bank ...

Taxpayer Fails to Prove Source of Demonetized Currency; Additions Confirmed by Tax Authorities Under Scrutiny.

October 3, 2023

Case Laws Income Tax AT

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