Assessment u/s 153A - profit from the sale of the plot - ...

Section 153A: No Income Additions for Brokers Without Evidence of Unaccounted Cash in Property Sale.

September 27, 2023

Case Laws Income Tax HC

Assessment u/s 153A - profit from the sale of the plot - additions in the hands of broker / commission agent - unexplained and undisclosed income of the appellant - In the absence of any material forthcoming on record to show that any addition was made by the revenue in the hands of the vendor-Company or its Managing Director for receiving any unaccounted for cash amount of money in respect of the transaction of sale of Plot, no addition can be made in the hands of Broker - HC

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Assessment u/s 153A - profit from the sale of the plot - ...

Section 153A: No Income Additions for Brokers Without Evidence of Unaccounted Cash in Property Sale.

September 27, 2023

Case Laws Income Tax HC

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