Wednesday, April 7, 2021

Set Com accepting additions during course of hearing to put end to controversy is not illegal

INCOME TAX : Where revenue on basis of valuation report found during search at residence of assessee showing value of jewellery of huge amount filed a report before Settlement Commission that quantum of additional income initially disclosed by assessee before Commission was not true and full disclosure, since during course of hearing before Commission

from www.taxmann.com Latest Case Laws https://ift.tt/3utBXvX

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...