Addition u/s 69A - valuable article - ambit of the word ‘owner’ ...

Court Rules on 'Owner' Definition u/s 69A, Income Tax Act; Thief Not Owner of Stolen Goods.

May 18, 2023

Case Laws Income Tax SC

Addition u/s 69A - valuable article - ambit of the word ‘owner’ in section 69A - carriage contractor for bitumen - short delivery of bitumen - Can a thief become the owner - Deemed ownership - an ‘article’ shall be considered ‘valuable’ if the concerned article is a high-priced article commanding a premium price. - AO acted illegally in holding that one appellant was the ‘owner’ and on the said basis made the addition - SC

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Addition u/s 69A - valuable article - ambit of the word ‘owner’ ...

Court Rules on 'Owner' Definition u/s 69A, Income Tax Act; Thief Not Owner of Stolen Goods.

May 18, 2023

Case Laws Income Tax SC

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