Sunday, August 2, 2020

Possessing Ration Card of low Economic Strata is not sufficient to prove Financial Status: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the fact that the assessee possesses a ration card of low economic strata cannot be a sole basis to show the financial status. Earlier, the Assessing Officer, while completing the assessment against the assessee, observed that she has received an amount of […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ght6a5

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