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Income Tax - Highlights / Catch Notes

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Addition u/s 69 - unexplained investment made in purchase of ...


Undisclosed Plot Investment Leads to Addition u/s 69 for Unrecorded On-Money Payment by Taxpayer.

November 7, 2023

Case Laws     Income Tax     AT

Addition u/s 69 - unexplained investment made in purchase of plot - Transaction found during the survey was neither recorded in the books of account for the year nor any satisfactory explanation was given - the authorities below were perfectly justified in making the addition u/s 69 towards on-money paid by the assessee in the year under consideration - AT

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