Unexplained cash receipts cannot be set off with unaccounted cash payments in absence of any co-relation

INCOME TAX : Where there was no co-relation between unexplained cash receipts and unexplained investment of assessee-broker unearthed during course of search, assessee was not entitled to claim set-off of said income against unexplained investment madeINCOME TAX : Where there was no co-relation between unexplained cash receipts and unexplained investment of assessee-broker unearthed during course of search, assessee was not entitled to claim set-off of said income against unexplained investment madewww.taxmann.com Latest Case LawsRead More

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