Assessment u/s 153A - undisclosed income - addition based on ...

Section 153A Assessment: Rs. 50 Lakh Addition Deemed Unnecessary Due to Prior Disclosure and Same Tax Rate.

August 17, 2018

Case Laws Income Tax AT

Assessment u/s 153A - undisclosed income - addition based on statement of the assessee - when there is no difference in rate of tax for both the assessment years, i.e. AYs 2012-13 and 2013-14, there is no reason for the AO to make further addition of ₹ 50 lakhs in the current assessment year when the assessee has already disclosed undisclosed income for AY 2013-14.

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Assessment u/s 153A - undisclosed income - addition based on ...

Section 153A Assessment: Rs. 50 Lakh Addition Deemed Unnecessary Due to Prior Disclosure and Same Tax Rate.

August 17, 2018

Case Laws Income Tax AT

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