Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]

Income Tax - Income Tax Proceedings - Presumption of Truth - Non-Appearance - Rebut - ITAT - Assessee - Taxscan

The Income Tax Appellate Tribunal, Delhi bench has held that the income tax proceedings are attached with the presumption of truth and the non-appearance before the authorities would imply that the assessee has nothing to rebut with the authorities. The assessee filed a return of income of Rs. 29,93,063/-. The total income of assessee comprised…

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