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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Additions made on the basis of loose papers found and impounded ...

Income Tax

February 19, 2020

Additions made on the basis of loose papers found and impounded from the premises of the assessee - Presumption u/s 292C - CIT(A) applying the telescoping reduced the addition giving partial relief to the assessee - ITAT confirmed the order of CIT(A) - Tribunal has given cogent reasons and arrived at conclusion on the basis of the materials and the fact found on record - HC

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