Additions u/s 68 - Unaccounted business income - The tribunal ...

Tribunal Rules Business Income Reporting Accurate; AO and CIT(A) Wrong on Unaccounted Income Additions u/s 68.

February 2, 2024

Case Laws Income Tax AT

Additions u/s 68 - Unaccounted business income - The tribunal held that, the assessee has rightly claimed the said trading as business income - The sale proceeds of shares were properly explained by the assessee through the documentary evidence which was filed before the AO as well as before the CIT(A). AO as well as the CIT(A) was not right in making/confirming the addition to that effect. - AT

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Additions u/s 68 - Unaccounted business income - The tribunal ...

Tribunal Rules Business Income Reporting Accurate; AO and CIT(A) Wrong on Unaccounted Income Additions u/s 68.

February 2, 2024

Case Laws Income Tax AT

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