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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Genuineness of the gift - Addition undisclosed income - assessee ...


ITAT Deletes Undisclosed Income Additions; Genuineness of Gift Payments Questioned, Referred to Larger Bench for Review.

May 5, 2018

Case Laws     Income Tax     HC

Genuineness of the gift - Addition undisclosed income - assessee himself admitted in his statement before the Income Tax Authorities that he had paid money to buy these gifts - ITAT deleted the additions - matter referred to the larger bench - HC

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