Addition u/s 56(2)(v) - transaction is in the nature of gift or ...

Section 56(2)(v) IT Act: Revenue accepts assessee's explanation of transaction as a loan, no income additions made.

March 13, 2019

Case Laws Income Tax AT

Addition u/s 56(2)(v) - transaction is in the nature of gift or loan - assessee has explained the position about the amount being loan which has not been controverted by the Revenue - No additions.

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Addition u/s 56(2)(v) - transaction is in the nature of gift or ...

Section 56(2)(v) IT Act: Revenue accepts assessee's explanation of transaction as a loan, no income additions made.

March 13, 2019

Case Laws Income Tax AT

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