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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Addition on account of machinery surrendered during the course ...


No justification for machinery surrender in survey; pressure alleged only for unexplained machine investments.

October 17, 2018

Case Laws     Income Tax     AT

Addition on account of machinery surrendered during the course of survey - It cannot be understood as how, there is no allegation of pressure or intimidation in respect of surrender of unexplained cash and unexplained creditors and there is only pressure or intimidation in respect of unexplained investment in machines and moulds.

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