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Reopening of assessment - Undisclosed long term capital gain - ...


Tax Authority Challenges CIT(A) Decision Overlooked Evidence of Undisclosed Cash Payments in Capital Gains Assessment.

August 12, 2023

Case Laws     Income Tax     AT

Reopening of assessment - Undisclosed long term capital gain - the ld CIT(A) was not correct and right in granting relief to the assessee ignoring the vital self speaking evidence showing cash payment by the purchaser to the seller assessee and his co owner out of which assessee received 50% amount in cash. - AT

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