Case Law Details
Case Name : Pr. CIT Vs Ritu Singal (Delhi High Court)
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All High Courts Delhi High Court
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Pr. CIT Vs Ritu Singal (Delhi High Court)
The assessee merely stated that the sums advanced were undisclosed income. However, she did not specify how she derived that income and what head it fell in (rent, capital gain, professional or business income out of money lending, source of the money etc). Unless such facts are mentioned with some specificity, it cannot be said that the assessee has fulfilled the requirement that she, in her statement (under Section 132 (4)) ―substantiates the manner in which the undisclose Please become a Premium member. If you are already a Premium member, login here to access the full content.
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