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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Additions towards cash payment against the purchase of the flat ...


Cash Payments for Flat Purchase Deemed Unsustainable Due to Lack of Cross-Examination Opportunity Despite Evidence Against Assessee.

December 12, 2022

Case Laws     Income Tax     AT

Additions towards cash payment against the purchase of the flat - disclosure made by such 3rd party before the settlement commission - in the absence of such cross-examination opportunity, to our understanding the addition is not sustainable despite the fact that there are material evidence available before the AO which are against the assessee - AT

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