Saturday, April 20, 2019

HC justified additions as sum already paid to Abhishek Bachchan were claimed as liability

IT : Where assessee engaged in business of media publicity received commission in process of engaging film stars in advertisements and commercials, claimed that sum of Rs. 17.50 lakhs was due to film personality. Abhishek Bachchan, however, on cross verification found that said liability did not exist and made additions to assesses income, additions sustained by Tribunal being based on material on record and on basis of assessment of such material were justified

from www.taxmann.com Latest Case Laws http://bit.ly/2XvA6WT

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