Thursday, December 20, 2018

No additions towards deposits found in foreign bank a/c just relying on note received from French Govt.

IT: Where additions were made to income of assessee, who was a non-resident since 25 years, since, no material was brought on record to show that funds were diverted by assessee from India to source deposits found in foreign bank account, impugned additions were unjustified

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

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