Thursday, December 26, 2019

HC justified additions as assessee accepted book entries but vowed to explain them in next financial year

INCOME TAX: Where additions were made in case of assessee on basis of entries which were found in books of account seized during search and seizure and assessee accepted that documents were seized from his premises and he had owned entries and undertook to explain them in next financial year, however failed to do so, said amounts had rightly been added to other income of assessee

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

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