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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

The amount deposited in the bank account was in fact sale ...


Court Rules Section 69 Addition Unwarranted: Bank Deposits from Goods Sales with Commission Payments Validated.

March 21, 2014

Case Laws     Income Tax     AT

The amount deposited in the bank account was in fact sale proceeds of the goods, against whom the assessee issued cheques to various dealers and earned commission – addition u/s. 69 is wholly unwarranted and unjustified - AT

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