Thursday, December 31, 2020

Burden is on accused to rebut presumption of existence of legally enforceable debt or liability u/s 139 of NI Act : HC

FEMA, BANKING & INSURANCE : There is always a presumption in favour of complainant that there exists a legally enforceable debt or liability and thereby burden is on accused to rebut such presumption by leading cogent evidence either oral or documentary

from www.taxmann.com Latest Case Laws https://ift.tt/34VnOxa
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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