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Income Tax - Highlights / Catch Notes

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Addition u/s 69B - unexplained investment - it is evident that ...

Case Laws     Income Tax

December 18, 2023

Addition u/s 69B - unexplained investment - it is evident that those three flats belonging to the M/s Starlight security LLP mentioned in the Escrow agreement has ultimately not been given to those three shareholders by the assessee on anyone on behalf of the assessee and matter being under litigation before the Hon’ble Bombay High Court, no addition for unexplained investment could survive in the hands of the assessee company. - AT

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