Addition on account of unaccounted receipts - When the assessee ...

Case Laws Income Tax

April 25, 2022

Addition on account of unaccounted receipts - When the assessee has asserted before the Assessing Officer that it has not received any such income, the Assessing Officer is duty bound to make proper enquiry before concluding that the disputed amount was earned by the assessee during the relevant assessment year. Instead of doing that the Assessing Officer has made the addition simply on the basis of AIR information, which, in our view is absolutely Incorrect. - AT

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Addition on account of unaccounted receipts - When the assessee ...

Case Laws Income Tax

April 25, 2022

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