Thursday, May 30, 2019

HC deleted sec. 69 additions as assessee duly explained source of advance rental income

IT: Where AO made addition to assessee's income under section 69 in respect of advance rent received, since source was clear and there was proper explanation for amount in question in books of account, impugned addition was to be deleted

from www.taxmann.com Latest Case Laws http://bit.ly/2Wuzsw1

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...