ITAT deletes additions as sum appearing in SWISS bank was assessee’s foreign-sourced income earned when he was NR

INCOME TAX : Where reassessment was initiated on ground that information was received from office of DIT that assessee had two bank accounts in HSBC Geneva, which were not disclosed in his return, and finally, assessment was framed making an addition to income of assessee equal to peak balance in both bank accountsINCOME TAX : Where reassessment was initiated on ground that information was received from office of DIT that assessee had two bank accounts in HSBC Geneva, which were not disclosed in his return, and finally, assessment was framed making an addition to income of assessee equal to peak balance in both bank accountswww.taxmann.com Latest Case LawsRead More

Leave a Reply