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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Since assessee’s incomes were accepted u/s 44AF, after due ...


Income Accepted u/s 44AF; Additional Income in Subsequent Order Deemed Unsustainable After Initial Assessment Review.

June 27, 2017

Case Laws     Income Tax     AT

Since assessee’s incomes were accepted u/s 44AF, after due examination of assessee’s cash deposits in the first assessment completed u/s. 143(3) r.w.s. 148 vide order dt. 09-02-2009, the addition made in the second assessment order is not sustainable.

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