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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Addition u/s 69A - sale of residential property - receipt in ...


Section 69A: Cash Receipt and Cheque Refund in Property Sale Accepted, No Income Addition for Assessee Explained.

February 1, 2019

Case Laws     Income Tax     AT

Addition u/s 69A - sale of residential property - receipt in cash against sale of property and refund by way of cheque when transaction failed - we agree with the assessee’s explanation, since source of cash explained - no addition.

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