Monday, May 4, 2015

Section 69 : Case law on Black Money

[2014] 52 taxmann.com 146 (Mumbai - Trib.)
IN THE ITAT MUMBAI BENCH 'H'
Mohan Manoj Dhupelia
v.
Deputy Commissioner of Income-tax, Central Circle-1, Mumbai

 Sum deposited in account of a trust in foreign country by assessee, beneficiary of said trust, without disclosing it in his return in India, represented his black money to be assessable under section 69

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