Addition of Undisclosed Income - Just because the statements u/s ...

Capitation Fee Admissions u/s 132(4) Require Corroboration for Valid Income Addition in Tax Cases.

April 10, 2019

Case Laws Income Tax HC

Addition of Undisclosed Income - Just because the statements u/s 132 (4) state that he paid Capitation Fee , it does not mean that it could result in an addition ipso facto as Undisclosed Income without the corroborating material - an addition based on such an unsupported, vague and non-specific admission can not result in a sustainable addition attracting imposition of tax thereon

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Addition of Undisclosed Income - Just because the statements u/s ...

Capitation Fee Admissions u/s 132(4) Require Corroboration for Valid Income Addition in Tax Cases.

April 10, 2019

Case Laws Income Tax HC

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