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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Addition u/s 41(1) - Simply because the address of the sundry ...


Tax Addition u/s 41(1) Deemed Misconceived Due to Lack of Inquiry; Highlights Need for Proper Investigation.

April 27, 2015

Case Laws     Income Tax     AT

Addition u/s 41(1) - Simply because the address of the sundry credits had changed, which fact was brought to the knowledge of the AO, without making any enquiry at the changed address, the AO on mere presumptions, conjectures and surmises has resorted to make the additions with the aid of Section 41(1) of the Act was misconceived - AT

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