Key issues related to undisclosed investments u/s 69, ...

Undisclosed Investments in Agricultural Land: Issues with Cash Payments, Missing Documentation, and Tax Return Discrepancies.

November 19, 2024

Case Laws Income Tax AT

Key issues related to undisclosed investments u/s 69, undisclosed investment in purchasing agricultural land without substantiating the source, violation of provisions regarding cash payment for immovable property, lack of evidence regarding cash received from mother-in-law, non-disclosure of income in the return, and the assessee's failure to maintain books of accounts. It discusses the validity of the assessment order due to the absence of a DIN number and digital signatures, highlighting that the assessee did not raise objections or prove any prejudice caused. Additionally, it examines the prior approval u/s 153D, refuting the claim of mechanical approval based on the documented approval letter. The summary covers all critical aspects concisely, using relevant legal terminology.

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Key issues related to undisclosed investments u/s 69, ...

Undisclosed Investments in Agricultural Land: Issues with Cash Payments, Missing Documentation, and Tax Return Discrepancies.

November 19, 2024

Case Laws Income Tax AT

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