Addition u/s 68B - acceptance of additions by the assessee ...

Taxpayer Accepts Addition u/s 68B Despite Legal Stance; Transaction Lacks Consideration, Not a Sale.

January 21, 2019

Case Laws     Income Tax     AT

Addition u/s 68B - acceptance of additions by the assessee contrary to legal position - it cannot be treated as a sale transaction at all being without consideration, factum of merely accepting the addition made by AO u/s 69B, would not change the legal position.

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