Taxpayer Must Prove Bank Interest in Form 26AS is Not Actual Income; Additions Confirmed by Court.

Taxpayer Must Prove Bank Interest in Form 26AS is Not Actual Income; Additions Confirmed by Court. https://www.taxtmi.com/highlights?id=49646 Accrual of income - Addition towards interest on bank fixed deposits on the basis of TDS statements 26AS - given that the transaction has been reflected in Form 26AS, the onus is on the assessee to demonstrate that such transaction doesn’t represent real income in its hands - additions confirmed. en-us Mon, 07 Oct 2019 21:57:19 +0530 Mon, 07 Oct 2019 21:57:19 +0530 TaxTMI RSS Generator Taxpayer Must Prove Bank Interest in Form 26AS is Not Actual Income; Additions Confirmed by Court. https://www.taxtmi.com/highlights?id=49646 Accrual of income - Addition towards interest on bank fixed deposits on the basis of TDS statements 26AS - given that the transaction has been reflected in Form 26AS, the onus is on the assessee to demonstrate that such transaction doesn’t represent real income in its hands - additions confirmed. Highlights Income Tax Mon, 07 Oct 2019 21:57:19 +0530 https://www.taxtmi.com/highlights?id=49646