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Income Tax - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

Addition u/s 69 - loss on the sale of shares of Swarsarita Gems ...

Income Tax

June 23, 2022

Addition u/s 69 - loss on the sale of shares of Swarsarita Gems Limited - Year of assessment the AO has determined the income under the provisions of section 69 with respect to the transactions carried out by the assessee in the earlier year and not in the year under consideration. The act of the revenue authorities is unwarranted under the provisions of law. - Additions deleted - AT

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