ITAT confirms Rs 196 crores addition for deposits made in SWISS a/c as assessee didn’t sign ‘Consent Waiver’

INCOME TAX: Where assessee was beneficial owner of deposits in foreign bank accounts and declined to sign consent waiver so as to enable Income-tax Department to obtain all necessary details from said account, additions in respect of assessee's foreign bank account was justified

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195135/itat-confirms-rs-196-crores-addition-for-deposits-made-in-swiss-ac-as-assessee-didn’t-sign-‘consent-waiver’.aspx