Monday, March 4, 2019

Addition made under Sec. 69A is justified where bills are manipulated to increase stock or reduce sales

IT : Where addition made by Assessing Officer to assessee's income under section 69A in respect of bogus purchases was confirmed by Tribunal taking a view that either bills were manipulated so as to increase stock or sales had been reduced, said finding being a finding of fact, no substantial question of law arose therefrom

from www.taxmann.com Latest Case Laws https://ift.tt/2tPD2kp

No comments:

Post a Comment

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...