Tax Dept Must Prove Undeclared Investments in Property; Assumptions Alone Insufficient for Income Additions.

Tax Dept Must Prove Undeclared Investments in Property; Assumptions Alone Insufficient for Income Additions. https://www.taxtmi.com/highlights?id=6388 Unexplained investment in immoveable properties - onus lies on the department to prove that some consideration over and above the consideration stated in the sale deed have been invested, no addition can be made on presumptions and suspicions. - HC en-us Sat, 05 Jan 2013 09:28:14 +0530 Sat, 05 Jan 2013 09:28:14 +0530 TaxTMI RSS Generator Tax Dept Must Prove Undeclared Investments in Property; Assumptions Alone Insufficient for Income Additions. https://www.taxtmi.com/highlights?id=6388 Unexplained investment in immoveable properties - onus lies on the department to prove that some consideration over and above the consideration stated in the sale deed have been invested, no addition can be made on presumptions and suspicions. - HC Highlights Income Tax Sat, 05 Jan 2013 09:28:14 +0530 https://www.taxtmi.com/highlights?id=6388