Saturday, August 17, 2019

ITAT remanded matter for possible taxability of fund withdrawn by beneficiaries of private discretionary trust

INCOME-TAX : Where evidence of trust investments is found in search proceedings and these investments in trust were prima facie unaccounted and undisclosed to tax authorities and, Assessing Officer brought to tax partial withdrawals to tax, as income of beneficiary withdrawing money,

from www.taxmann.com Latest Case Laws https://ift.tt/31GjQV6
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