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Cash seized from locker of wife, children added to assessee’s income as he failed to prove their earning capacity

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  • Cash seized from locker of wife, children added to assessee’s income as he failed to prove their earning capacity
Posted onon May 29, 2017

Tenet Tax Daily May 15 2017

By tenettax-team
Corporate Tax, Individual Taxation

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Additional evidence was to be admitted if it was relevant for calculating actual income: HC
AO couldn’t complete assessment based on original return if revised return was filed before completion of assessment

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