https://www.taxtmi.com/highlights?id=50156 Since the revenue failed to assess the said amount in the hands of the parties to the transaction, therefore, it was attempted to tax in the hands of the assessee on the basis of presumptive provisions of Section 292C - Once the seized documents are free from any ambiguity, then the said document reveals the transaction of loan cannot be presumed to be the document belongs to the assessee for the purpose of assessing the income being unexplained loan en-us Mon, 11 Nov 2019 09:31:21 +0530 Mon, 11 Nov 2019 09:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50156 Since the revenue failed to assess the said amount in the hands of the parties to the transaction, therefore, it was attempted to tax in the hands of the assessee on the basis of presumptive provisions of Section 292C - Once the seized documents are free from any ambiguity, then the said document reveals the transaction of loan cannot be presumed to be the document belongs to the assessee for the purpose of assessing the income being unexplained loan Highlights Income Tax Mon, 11 Nov 2019 09:31:21 +0530 https://www.taxtmi.com/highlights?id=50156