Additions towards foreign currency deposits if the assessee had been asked to produce declarations after a long time

INCOME TAX: Where High Court restored addition made to assessee's income in respect of amount deposited in bank as unexplained deposits on ground that assessee had been unable to present declaration forms that had been filled in by him at time of his visits to India from abroad, in view of fact that those declaration forms were asked for long after such deposits had, in fact, been made, it could not possibly be held that Tribunal's order deleting said addition was perverse and thus, impugned ord

from www.taxmann.com Latest Case Laws https://ift.tt/34GrwJf