Assessee Must Prove Coercion to Retract Voluntary Stock Surrender Statement; Burden of Proof on Assessee.

Assessee Must Prove Coercion to Retract Voluntary Stock Surrender Statement; Burden of Proof on Assessee. https://www.taxtmi.com/highlights?id=35414 Addition on account of difference in stock - Once the statement has been given making a surrender, the presumption is that it has been given voluntarily without any pressure or coercion and while stating otherwise for retracting the same, the onus is on the assessee to prove so en-us Fri, 07 Jul 2017 15:09:41 +0530 Fri, 07 Jul 2017 15:09:41 +0530 TaxTMI RSS Generator Assessee Must Prove Coercion to Retract Voluntary Stock Surrender Statement; Burden of Proof on Assessee. https://www.taxtmi.com/highlights?id=35414 Addition on account of difference in stock - Once the statement has been given making a surrender, the presumption is that it has been given voluntarily without any pressure or coercion and while stating otherwise for retracting the same, the onus is on the assessee to prove so Highlights Income Tax Fri, 07 Jul 2017 15:09:41 +0530 https://www.taxtmi.com/highlights?id=35414