Delhi HC: Maintenance is Intended to Safeguard Dependent Spouse & Child’s Right to Live With Dignity  ||  Delhi HC: Any Person in India Has the Right to Legally Import Goods from Abroad  ||  Bombay HC: Can’t Quash Rape Cases on the Basis of Compromise  ||  Madras HC: Can’t Tap Individual’s Phone to Uncover Suspected Crime  ||  Karnataka HC: Women Commuters Oppose Ban on Bike Taxis in Karnataka  ||  Delhi HC: Inclusive Education is About Recognising That Every Child Has a Place in Classroom  ||  Delhi HC: Patanjali to Not Run Ads that are Disparaging to Dabur Products  ||  Delhi HC Upholds Rule Restricting Retention of GPRA by Central Armed Police Forces  ||  Delhi HC: Disability Pension Ensures that a Soldier is Not Left Without Support  ||  SC Declines Petition by Lalit Modi against BCCI Seeking Indemnification    

Bom HC: Can’t Treat Disclosure as Full if Material Suggests Loan is Nothing but Undisclosed Fund - (30 Apr 2025)

DIRECT TAXATION

Bombay HC has observed that if there is a prima-facie material suggesting that the transaction of loan is nothing but the undisclosed funds of the Petitioner then the disclosure made in the course of the original assessment proceedings cannot be treated as full for the purpose of the assessment.

Tags : BOMBAY HIGH COURT   UNDISCLOSED FUND   TRANSACTION OF LOAN  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved