Addition on account of foreign currency found during the course ...

Case Laws Income Tax

March 6, 2024

Addition on account of foreign currency found during the course of search - unaccounted income - The ITAT observed that no grounds to interfere with the CIT(A)'s findings. Despite acknowledging the possibility of the currency being remnants of business trips, the onus remained on the assessee to furnish conclusive evidence, which was not adequately provided. Consequently, the appeal of the assessee was dismissed.

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Addition on account of foreign currency found during the course ...

Case Laws Income Tax

March 6, 2024

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