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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Addition u/s 69 - unexplained investment - addition had been ...


Unexplained Investment Addition u/s 69: No Further Addition for Assessee as Mandate Holder of Brother's Account.

July 11, 2019

Case Laws     Income Tax     HC

Addition u/s 69 - unexplained investment - addition had been made by the AO by treating the amount deposited to the bank account owned by the brother of the assessee as income of the assessee - once addition had also been made in the hands of the bank account holders then no addition is called for in the hand of assessee in the capacity of mandate holders of the accounts - no substantial questions of law

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