Assessment u/s 153C - Addition of on-money received on sale of ...

Court Rejects 30% On-Money Addition for Flat Sales Due to Lack of Seized Evidence u/s 153C.

June 6, 2019

Case Laws Income Tax AT

Assessment u/s 153C - Addition of on-money received on sale of flats - there is nothing on record to indicate that there is a reference to seized material found during the course of search vis-a-vis addition made by the AO towards estimation of 30% on-money on total sales declared for the year - addition cannot be sustained either on jurisdictional issue or on merits

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Assessment u/s 153C - Addition of on-money received on sale of ...

Court Rejects 30% On-Money Addition for Flat Sales Due to Lack of Seized Evidence u/s 153C.

June 6, 2019

Case Laws Income Tax AT

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