Saturday, February 29, 2020

Acquittal of assessee in criminal proceedings can’t result in automatic deletion of addition under IT Act

INCOME TAX : Mere acquittal of assessee in criminal proceedings could not itself result in deletion of addition in assessee's hands in income-tax proceedings; authorities under Act should arrive at their own findings on basis of material collected during criminal proceedings

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192461/acquittal-of-assessee-in-criminal-proceedings-can’t-result-in-automatic-deletion-of-addition-under-it-act.aspx

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...