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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Additions u/s 69 - So long as the explanation is not sufficient ...


Section 69: Deemed Income for Hindu Undivided Families with Insufficient Explanation, No Need for Further Investigation.

April 8, 2015

Case Laws     Income Tax     HC

Additions u/s 69 - So long as the explanation is not sufficient and it can be termed as deemed income of HUFs, it is not necessary to further examine the aspect as to whether there was any income earned by the Company and as to whether there was diversion of money to the HUFs or not? - HC

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