Friday, November 1, 2019

SC dismissed SLP against ruling deleting additions as AO duly satisfied with assessee's explanation

INCOME TAX: SLP dismissed against High Court ruling that where Assessing Officer accepted assessee's explanation that he was an NRI for over two years and made foreign remittances and his brother having successful business gave unsecured loan to assessee, revision order for making addition on account of these amounts received by assessee deserved to be set aside

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

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...