Wednesday, July 29, 2015

[aaykarbhavan] Submission of affidavit of gift received from spouse didn't explain source of investments found in search




 

Submission of affidavit of gift received from spouse didn't explain source of investments found in search

July 29, 2015[2015] 59 taxmann.com 271 (Patna)
IT : Where during search and seizure, investments were found in name of assessee, presumption could only be that they formed part of unaccounted income of assessee and mere fact of producing affidavit of close relatives would not be sufficient explanation
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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