Saturday, July 21, 2018

Unexplained gifts once assessed in block assessment, can't be reassessed in regular assessment

IT : Once gifts are assessed in block assessment proceedings, same cannot be subject matter of assessment in regular assessment; whether in block assessment, Assessing Officer has found gift to be genuine or non-genuine can be of no consequence

from www.taxmann.com Latest Case Laws https://ift.tt/2LxoFfn
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