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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23C) - unaccounted money - there is no ...


Tax Exemption u/s 10(23C) Stands Without Incriminating Evidence Affecting Assessment (23C.

October 22, 2022

Case Laws     Income Tax     AT

Exemption u/s 10(23C) - unaccounted money - there is no incriminating material existing pursuant to search, which could have disturbed the concluded assessment in case of the assessee. Therefore, even on this ground, the exemption u/s 10(23C) cannot be denied to the assessee. - AT

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