Kohal v Revenue and Customs: FTTTx 10 Sep 2013

FTTTx INCOME TAX – ASSESSMENT AND PENALTY – HMRC treated a series of deposits in the Appellant’s bank accounts as taxable income – the Appellant’s explanations of the sources for the deposits were on the whole unconvincing – assessment reduced to andpound;24,924.98 – penalty reduced to andpound;11,216.23 – Appeal allowed in part.

[2013] UKFTT 487 (TC)
Bailii

Income Tax

Updated: 20 November 2021; Ref: scu.515559