Scope of limited scrutiny - cash deposits in the Bank accounts ...

Court Upholds Assessing Officer's Addition for Undisclosed Turnover Profits in Limited Scrutiny Case on Cash Deposits.

November 25, 2020

Case Laws Income Tax AT

Scope of limited scrutiny - cash deposits in the Bank accounts being more than the turnover - The impugned addition made by the AO on account of profit allegedly earned by the assessee on undisclosed turnover was directly related to the ground on which the case of the assessee was selected for limited scrutiny and the same being fall-out of the verification made by the AO on the issue on which the case of the assessee was selected for limited scrutiny, we do not find merit in the contention raised by assessee that the impugned addition made by the Assessing officer is beyond the scope of limited scrutiny. - AT

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Scope of limited scrutiny - cash deposits in the Bank accounts ...

Court Upholds Assessing Officer's Addition for Undisclosed Turnover Profits in Limited Scrutiny Case on Cash Deposits.

November 25, 2020

Case Laws Income Tax AT

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