Undisclosed investment - The assessee failed to maintain ...

High Court Affirms Tribunal's Decision on Discrepancy in Construction Costs Due to Lack of Quantitative Records.

January 11, 2014

Case Laws Income Tax HC

Undisclosed investment - The assessee failed to maintain quantitative details of major building material used in the construction of the building - In view of the cost of construction disclosed by the assessee in the regular books of account vis-a-vis the cost of construction determined by the DVO, the variance was not within the range of 15% - The Tribunal was right in sustaining addition - HC

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Undisclosed investment - The assessee failed to maintain ...

High Court Affirms Tribunal's Decision on Discrepancy in Construction Costs Due to Lack of Quantitative Records.

January 11, 2014

Case Laws Income Tax HC

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