Unexplained Money addition under Section 69A - Where the basis ...

Unexplained money u/s 69A can't be added if buyer's basis is inadmissible; delete HUF additions.

May 19, 2021

Case Laws Income Tax AT

Unexplained Money addition under Section 69A - Where the basis for making the addition in the hands of the buyer has been held as inadmissible and unsustainable, the addition made in the hands of the assessee HUF solely relying on the additions in the hands of the buyer does not sustain and the same has to be deleted, particularly, in view of the fact that the said valuation report has not been found from the possession of the assessee - AT

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Unexplained Money addition under Section 69A - Where the basis ...

Unexplained money u/s 69A can't be added if buyer's basis is inadmissible; delete HUF additions.

May 19, 2021

Case Laws Income Tax AT

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