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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Addition u/s. 68 - AO cannot extrapolate 50 and interpret 50 as ...

Case Laws     Income Tax

May 22, 2015

Addition u/s. 68 - AO cannot extrapolate 50 and interpret 50 as 50,00,000, 575 as 575 lakhs without any corroborative/demonstrative evidence - additions made merely on the basis of some illogical and irrelevant entry/jotting on a piece of paper cannot justify the actions of the AO - AT

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