Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]

By Ipsita Das - On July 6, 2023 1:30 pm - 2 mins read
Onus - Prove - Accrual - Capital Gain - Assessee - ITAT - Order - income tax - taxscan

In a ruling by the Chennai Bench of the Income Tax Appellate Tribunal (ITAT), it was determined that the burden of proof lies with the assessee to demonstrate that the capital gains did not accrue to her. In consideration of the principle of natural justice, the ITAT has decided to provide the assessee with an…

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