CIT(A) lacked power to change provision under which addition was ...

Construction society's unexplained cash receipts taxed as income from undisclosed sources.

December 26, 2024

Case Laws Income Tax AT

CIT(A) lacked power to change provision under which addition was made in assessment order. Addition was made u/s 69A for cash receipts from society members. ITAT set aside CIT(A)'s treatment of addition u/s 69A, holding CIT(A) could only confirm, reduce, enhance or annul assessment u/s 251(1)(a), but not change provision for item assessed.

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CIT(A) lacked power to change provision under which addition was ...

Construction society's unexplained cash receipts taxed as income from undisclosed sources.

December 26, 2024

Case Laws Income Tax AT

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