Unexplained investment u/s 69 - cashless transaction - the land ...
Unexplained Investments u/s 69: No Addition This Year for Deferred Payments in Property Transactions.
June 12, 2019
Case Laws Income Tax AT
Unexplained investment u/s 69 - cashless transaction - the land owners, power of attorney holders and the assessee firm are all inter related - four immovable properties registered without payment and sale consideration is paid in the subsequent years - transfer u/s 2(47) should be construed to have taken place at the most when part consideration is paid coupled with handing over possession of the land - no addition in current year
View Source
9911796707
