Unexplained investment u/s 69 - CIT(A) has rightly adopted this ...

Section 50C Not Applicable: No Evidence of Overpayment Found, Unexplained Investment u/s 69 Not Substantiated Against Purchaser.

February 14, 2020

Case Laws Income Tax HC

Unexplained investment u/s 69 - CIT(A) has rightly adopted this view holding that provisions of section 50C were not applicable on the assessee being the purchaser of the property and also during the survey proceedings no documentary evidence was found which may prove that the assessee has made payment over and above the registered valuation of the property.

View Source

← Previous Next →

Unexplained investment u/s 69 - CIT(A) has rightly adopted this ...

Section 50C Not Applicable: No Evidence of Overpayment Found, Unexplained Investment u/s 69 Not Substantiated Against Purchaser.

February 14, 2020

Case Laws Income Tax HC

You may also like:

Unexplained investment u/s 69 - The tribunal closely examined the additions made under Section 69 related to unexplained investments in stock. The assessees argued that...

Addition u/s 69 - Unexplained investment or not - only when the investment is not recorded in the books of accounts or the explanation by the assessee regarding the...

Unexplained money u/s 69A or investment u/s 69 - Once an AO finds that an investment has been made, he has to examine the Assessee's explanation as to the source of that...

The Appellate Tribunal addressed the addition u/s 69 concerning unexplained investment. The issue stemmed from an agreement displaying the individual name of the...

Unexplained cash found during the search action - AO has not pointed out any unexplained credit in the books of account, any unexplained investment, any unexplained...

Unexplained investment/unexplained cash credit under section 68 & 69 - no addition is called for on account of baseless allegation of unexplained investment by the...

Unexplained investment u/s 69 - The aspect that this income was not declared in the original return of income cannot be a ground to automatically conclude that it is...

Unexplained investment u/s 69 – Assessee paid up additional stamp duty on valuation - This by itself would not mean that the assessee made any unexplained investment - HC

Distinction between Section 69 and Section 56(2) regarding unexplained investment and gift. Section 69 requires the Assessing Officer to establish that the assessee made...

Unexplained cash deposit in the NRO bank account - Additions u/s 69 - once the assessee has provided an explanation which in the instant case, we find reasonable and...

Addition u/s 69 - unexplained investment found in the form of loan given to a party which was not recorded in the books of account of the assessee and the explanation...

Unexplained investment in fixed assets - assessee has inflated the value of machinery and office equipment - When the there is no actual investment of any kind by the...

The Appellate Tribunal held that the addition of Rs. 51.20 lacs as unexplained investment u/ss 69 or 56(2)(x)/6(2)(vii) was unjustified as there was no evidence of...

Addition u/s 69 - unexplained investment - when no evidence has been brought on record to substantiate the allegation that the investment is from unexplained sources and...

Unexplained investment u/s. 69 - Asstt. Comm. of Commercial Taxes estimated the valuation of WIP without mentioning the quantity or rate of the individual item - AO...

Quick Updates: