Friday, September 6, 2019

No sec. 68 additions if there was no doubt about authenticity of bank statements of investors; SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's order deleting addition made under section 68 by taking a view that there was no doubt about authenticity of bank statements of investors brought on record by assessee, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/34wmHCD

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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...