Thursday, November 29, 2018

SLP dismissed against deletion of sec. 69A addition made on basis of mere confession under MCOCA

IT : Where High Court upheld view taken by Tribunal that in absence of any corroborative evidence, addition could not be made to assessee's income in respect of confessional statement made by one 'R' under Maharashtra Central Organised Crime Act, 1999, that he paid certain undisclosed amount to assessee, SLP filed against decision of High Court was to be dismissed

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

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...