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

Case Laws Income Tax

August 1, 2020

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 ...

Case Laws Income Tax

August 1, 2020

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