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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Additions u/s 69 - It is a deeming provision and addition is ...


Section 69 Income Tax Act: Unexplained Income Deemed as Taxable, Employment Status Irrelevant, Including UN Employees.

February 5, 2019

Case Laws     Income Tax     AT

Additions u/s 69 - It is a deeming provision and addition is made on account of unaccounted income of the assessee for which source is not explained. Therefore, whether assessee is working with UNO or not would not make out any case in favour of the assessee.

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