Monday, October 21, 2019

HC deleted sec. 68 additions as AO failed to show evidence that assessee made cash payments for purchase of land

INCOME TAX: Where payment for purchase of land by assessee buyer was routed through banking channels, addition on account of bogus payment to seller was not justified

from www.taxmann.com Latest Case Laws https://ift.tt/31z83Yg
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...