Friday, November 13, 2020

Prosecution initiated couldn't be quashed if there was corroboration between documents seized from Co. & purchaser

INCOME TAX : Where complaints under section 276C/277 were filed against assessees on basis of seized material from purchaser of assessee's land and seized material's indicated that assessees received some part of sale consideration in cash but did not disclose same in return, trials of said complaints could not be quashed

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

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...