Presumption of ownership and veracity: items found or requisitioned are treated as belonging to and authentic to the possessor. The provision creates a presumption in wealth-tax proceedings that books, documents, articles or money found in a person's possession during a search belong to that person, that their contents are true, and that signatures and handwriting are genuine. The same presumptive effect applies to books, documents or assets delivered to the requisitioning officer under the requisition mechanism, treated as if found in the person's possession during a search.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Presumption of ownership and veracity: items found or requisitioned are treated as belonging to and authentic to the possessor.
The provision creates a presumption in wealth-tax proceedings that books, documents, articles or money found in a person's possession during a search belong to that person, that their contents are true, and that signatures and handwriting are genuine. The same presumptive effect applies to books, documents or assets delivered to the requisitioning officer under the requisition mechanism, treated as if found in the person's possession during a search.
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