Thursday, September 2, 2021

No separate SCN is required before making addition u/s 68 if assessee participated in assessment proceedings: HC

INCOME TAX : Addition under section 68 was made in case of assessee on ground that share capital of more than Rs. 316 crores was invested by foreign company in assessee

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

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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...