The Income Tax Appellate Tribunal ( ITAT ), Amritsar bench recently held that the account holder must be able to prove that the money deposited in his joint account belongs to another account holder in order to escape from addition under section 68 and 69 of the Income Tax Act. In the instant case, the […]
The post Account Holder must prove that Money Deposited in the Joint Account belongs to Another Account Holder: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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