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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Addition u/s.68 - AO has merely stated that the father of the ...


AO's Addition u/s 68 Denied: Valid Proof Upheld Despite Father's Meagre Income Argument. No Income Additions Made.

January 14, 2017

Case Laws     Income Tax     AT

Addition u/s.68 - AO has merely stated that the father of the assessee had meagre income - department cannot by merely rejecting unreasonably a good explanation convert good proof into no proof - No additions - AT

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