Addition was confirmed by the CIT(A) and ITAT by rejecting the ...

Court Upholds Addition but Rules Penalty u/s 158BFA(2) Not Automatically Applicable for Jewelry Ownership Claim.

March 19, 2014

Case Laws Income Tax AT

Addition was confirmed by the CIT(A) and ITAT by rejecting the explanation of the assesses that the jewellery belong to mother in law and the wife of the brother in law of the assessee, does not automatically mean that penalty u/s. 158BFA(2) is leviable - AT

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Addition was confirmed by the CIT(A) and ITAT by rejecting the ...

Court Upholds Addition but Rules Penalty u/s 158BFA(2) Not Automatically Applicable for Jewelry Ownership Claim.

March 19, 2014

Case Laws Income Tax AT

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