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Case Law Details

Case Name : Sri Som Dutt Vs ACIT (ITAT Kolkata)
Related Assessment Year :
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Brief of the Case

ITAT Kolkata held In the case of Sri Som Dutt v ACIT  that whenever, the money has been received from overseas, then the onus is on the Assessee to prove that all the transactions are bonafide when he is claiming that the amount has been received as Capital Receipt. Also, by not completing all the formalities i.e. filing of proper and genuine documents related to the transaction will render the whole amount as Taxable.

Facts of th

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