Unexplained credit - Since surrender have been made in earlier ...

Case Laws Income Tax

May 15, 2020

Unexplained credit - Since surrender have been made in earlier year as well as in subsequent year of the amounts in question and taxes have been paid and the amount which was surrendered in earlier year have been realized in assessment year under appeal, therefore, same would not be taxable in assessment year under appeal. This reason alone is sufficient to delete the addition against the assessee

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Unexplained credit - Since surrender have been made in earlier ...

Case Laws Income Tax

May 15, 2020

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