Friday, August 23, 2019

Sec. 69 rightly invoked on basis of statement recorded of third person if additions were made after finding of facts

INCOME TAX: Additions made to assessee's income as unexplained investment under section 69 on basis of statement of one SKL, being findings of fact based on agreement of purchase of land, it could not be said that authorities committed an error in relying upon statements of SKL

from www.taxmann.com Latest Case Laws https://ift.tt/31UUR0D

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...