Undisclosed investment u/s.69 - unaccounted payment on purchase ...

Case Laws Income Tax

February 12, 2022

Undisclosed investment u/s.69 - unaccounted payment on purchase of impugned land - Recording of the statement by survey team under section 131(1) is not valid. Thus, no cognizance of such statement could be taken. Hence, the addition which is solely based on the stamen is not legally sustainable. - AT

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Undisclosed investment u/s.69 - unaccounted payment on purchase ...

Case Laws Income Tax

February 12, 2022

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