Addition u/s 41(1) - The Department having accepted the balances ...

Commissioner of Income Tax (Appeals) wrongly upheld addition u/s 41(1) despite Department's acceptance of balances.

September 4, 2015

Case Laws Income Tax AT

Addition u/s 41(1) - The Department having accepted the balances outstanding in the previous year, it was not open by Ld. CIT(A) to confirm the addition on the ground that assessee could not prove the genuineness of the said transactions which were undertaken. - AT

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Addition u/s 41(1) - The Department having accepted the balances ...

Commissioner of Income Tax (Appeals) wrongly upheld addition u/s 41(1) despite Department's acceptance of balances.

September 4, 2015

Case Laws Income Tax AT

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