Thursday, October 3, 2019

Delhi HC confirmed sec. 69A additions as assessee failed to show details of alleged buyers of silver items

INCOME TAX: Where AO made addition to assessee's income on ground that it had given accommodation entries to persons who had declared high quantities of silver in VDIS declarations for purposes of earning commission thereon, in view of fact that assessee failed to bring on record necessary information such as names and addresses of alleged buyers of silver items impugned addition was to be confirmed

from www.taxmann.com Latest Case Laws https://ift.tt/2o6vGtH

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...