Unaccounted investment in house property - forced disclosure - ...

Forced Disclosure Invalid Without Evidence in Property Investment Case; Confession Must Be Based on Tangible Findings.

June 20, 2016

Case Laws Income Tax AT

Unaccounted investment in house property - forced disclosure - no attempt should be made to obtain the confession, which is not based on incriminating document/assets found during the course of search - AT

View Source

← Previous Next →

Unaccounted investment in house property - forced disclosure - ...

Forced Disclosure Invalid Without Evidence in Property Investment Case; Confession Must Be Based on Tangible Findings.

June 20, 2016

Case Laws Income Tax AT

You may also like:

The assessment years beyond six years but not exceeding ten years can be reopened u/s 153A only if the Assessing Officer possesses evidence depicting escapement of...

Predicate offence involving meagre disclosed income but substantial investment in properties without proof of legitimate source. Provisional attachment of immovable...

First Meeting of India-Uae High Level Task Force on investments held in Abu Dhabi

Assessee's addition of on-money paid in cash to developer for property purchase, source unexplained, was based on data from third party's search and third party's...

The ITAT Chennai ruled on LTCG deduction u/s 54, stating that investment in more than one property is not allowed. Assessee invested in two distinct properties in...

Deduction u/s 54F is not available to an assessee who owns more than one house property at the time of purchasing a new property. The assessee, despite jointly...

SEBI notifies that individual investment advisers, principal officers of non-individual investment advisers, associated persons providing investment advice, and partners...

The Securities and Exchange Board of India issued the Investment Advisers (Second Amendment) Regulations, 2024, amending the Investment Advisers Regulations, 2013. Key...

The Appellate Tribunal considered the issue of reopening assessment u/s 147 based on the belief that the investment in a property was from undisclosed income. However,...

Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations - Exemption from the limit on short-term investments till maturity or sale of such investments in...

ITAT ruled against the addition made under section 69 regarding unexplained investment in Oberoi Reality property. The assessee had provided complete documentation,...

ITAT reversed CIT(A)'s addition under s.69 regarding unexplained property investment, accepting loan from assessee's mother as legitimate source after verification of...

Unexplained investment - The basis of addition made in the present case is the source of investment remaining unexplained. Now, the assessee having explained the source...

Unexplained investment u/s 69 - The tribunal closely examined the additions made under Section 69 related to unexplained investments in stock. The assessees argued that...

Exemption u/s 54F - LTCG - investment made in the house property in USA - the investment in a residential house was made in USA prior to 01.04.2015, whereas, the...

Quick Updates: