Can the Income Tax Department Tax You for a Transaction That Never Happened? ITAT Says No Assessee Cannot Be Asked to Prove a Negative; Burden Shifts to Revenue Once Transaction Is Denied In today’s era of data-driven tax administration, information available on various government portals often forms the basis for assessments, reassessments, and tax…
The post Can the Income Tax Department Tax You for a Transaction That Never Happened? ITAT Says No appeared first on The Tax Talk.
