Wednesday, March 20, 2019

SC dismissed SLP against HC's ruling deleting sec. 69 additions as purchases made by assessee weren't bogus

IT: Where High Court upheld Tribunal's order that in view of copies of invocies and challans, proof of payments, bank statements, transportation payments, vouchers for movement of goods etc, it could be concluded that purchase transactions between assessee and 'D' were not bogus or fraudulent and, thus, addition could not be made under section 69C, SLP filed against decision of High Court was to be dismissed

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

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...