Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales Tax Assessments Must Be Based on Evidence, Not Mathematical Assumptions or Guesswork One of the oldest and most fundamental principles of income tax law is that suspicion, however strong, can never substitute evidence. Tax authorities may entertain doubts, draw inferences…
The post Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales appeared first on The Tax Talk.
