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Income Tax - Highlights / Catch Notes

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HC restricted addition of undisclosed income from Shipgram ...


Undisclosed Shipgram income: HC upholds 30% addition based on concurrent allocation findings.

January 15, 2025

Case Laws     Income Tax     HC

HC restricted addition of undisclosed income from Shipgram Scheme to 30% based on concurrent factual findings by CIT(A) and ITAT regarding allocation between assessee and M/s. Shivganga Builders. Appeals dismissed, upholding Tribunal's order.

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