Saturday, June 16, 2018

SC admitted SLP to decide sec. 68 additions made on basis of statement of accommodation entry provider

IT: SLP granted against impugned order of High Court that section 68 addition was not called for on basis of statement of accommodation entry provider that assessee had received share capital through accommodation entry, recorded at back of assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2JQJaPY

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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