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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition made u/s 69C was due to the reason that the assessee ...

Case Laws     Income Tax

March 22, 2018

Addition made u/s 69C was due to the reason that the assessee failed to explain the source of said expenses. Accordingly, we concur with the view of ld. CIT (A) to restrict the penalty to 100% of the tax to be evaded of such income - AT

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  10. The Assessing Officer (AO) made additions u/ss 69C and 68 for undisclosed credit card expenditures in foreign currencies based on material found during a survey. The...

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