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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Charitable activity - addition made by the Assessing Officer ...

Income Tax

December 8, 2015

Charitable activity - addition made by the Assessing Officer treating the activity of providing Mid Day Meal being falling with the proviso to Section 2(15) - Breach of natural justice - matter remanded back - AT

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  2. Undisclosed investment - mere fact of producing an affidavit by the wife or mother of the assessee may not be treated by the Assessing Officer as sufficient explanation...

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  4. Addition u/s 68 - Simply because the directors/shareholders did not present themselves before the Assessing Officer, an addition u/s 68 cannot be made.

  5. Additions made u/s 69C - unexplained expenditure – Whether the Assessing Officer had acted on conjectures and surmises – Held no, additions confirmed - HC

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  10. Assessing Officer was right in making additions towards difference in turnover as per books of account and TDS certificates - AT

 

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