The Income Tax Appellate Tribunal Chandigarh held that merely claiming funds belong to a Hindu Undivided Family is insufficient without documentary proof of their source, holding, and transfer, in a case involving Rs 50 lakh life insurance purchased from alleged agricultural income.
Today, On 12th July, The Supreme Court declined to hear Ritwik Dutta’s appeal against the Delhi High Court’s decision on his income tax assessment, citing ongoing proceedings. The I-T department alleges that funds from EarthJustice USA were used for unauthorized activities. Additionally, the CBI has registered an FIR against Dutta for alleged FCRA violations.
