Friday, July 20, 2018

Additions couldn't be made in hands of assessee only if he made disclosures on behalf of all family members

IT : Where assessee made disclosure statement under sec. 132(4) for and on behalf of all family members, entire addition in course of assessment could not have been made in hands of assessee only

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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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