TMI BlogUnjustified Addition for Unexplained Investment: No Shares Bought, Only Advance Paid. Section 132(4) Statement Insufficient.Addition on account of unexplained investment - If there no shares were purchased and assessee has paid only 2.50 Lakh in advance then ofcourse, addition should not have been made only on the basis of statement made u/s 132(4) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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