Addition u/s 68/69 - undisclosed income - absence of source of ...

Court Reviews Undisclosed Income Case: Sections 68 & 69 Involve Property Purchase Recorded by Company, Not Individual.

December 6, 2022

Case Laws Income Tax AT

Addition u/s 68/69 - undisclosed income - absence of source of purchase of the property - Merely, because the assessee’s PAN number was mentioned as he was the Director of one of the company, the purchase cannot be said to be made by him when the purchase has been shown in the P&L account by the said company itself as well as part of the closing stock of the said company - AT

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Addition u/s 68/69 - undisclosed income - absence of source of ...

Court Reviews Undisclosed Income Case: Sections 68 & 69 Involve Property Purchase Recorded by Company, Not Individual.

December 6, 2022

Case Laws Income Tax AT

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