Undisclosed investment - Assessee has given advance for the ...

Advance for Property Acquired by Sister Concern Not Subject to Addition u/s 69B of Income Tax Act.

August 1, 2020

Case Laws Income Tax AT

Undisclosed investment - Assessee has given advance for the property which was taken over by assessee’s sister concern and shown by assessee in its balance sheet and squared up in later year so no addition under section 69B of the Act is sustainable - method of accounting cannot determine the true character of a transaction - AT

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Undisclosed investment - Assessee has given advance for the ...

Advance for Property Acquired by Sister Concern Not Subject to Addition u/s 69B of Income Tax Act.

August 1, 2020

Case Laws Income Tax AT

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