Addition u/s 56(2)(vii)(b)

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..... Dear sir One of my client had purchased Agricultural land for ₹ 32 lacs jointly with 3 co-owners in F Y 14-15. He is having other income of ₹ 2.50 lacs (Agricultural income ₹ 7.25 .....

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..... lacs) during the F.Y. 2014-15. Value u/s 50 (c) is ₹ 90 lacs. The case is selected under scrutiny and AO want to Add ₹ 14.50 lacs (1\4th share) in the Assessment u/s 56 (2)(vii)(b) . .....

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..... Please adivse. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = What is the reason given by the Assessing Officer for adding this amount to the income of your client? - Addition u/s 56(2)(vii)(b) .....

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..... - Query Started By: - Haresh Raithatha Dated:- 10-11-2017 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind .....

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..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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