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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Addition made u/s.69B - it is not the case of assessee that the ...

Income Tax

January 11, 2016

Addition made u/s.69B - it is not the case of assessee that the value adopted by him for bank and declared to Revenue is different but the quantity matches - additions confirmed - AT

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  2. Additions u/s 69B - stock statement submitted to the banks cannot be considered as true and correct - no additions could be made - AT

  3. Valuation - consideration of self supervision factor which lead to less value - Addition made on account of unexplained investment in cost of construction of building u/s.69B - AT

  4. Addition of difference between the value of stocks falsely declared to Canara Bank as at 31-03-2004 and 31-03- 2005 confirmed - Addition of bogus creditors confirmed - AT

  5. Addition on the basis of inflated stock statement submitted to bank - Addition under Section 69B - additions not permissible - HC

  6. Additions made u/s 69B - excess stock found during survey - assessee contended that as per the books during the course of survey was without the opening stock - no merit...

  7. Addition u/s 69B - differential amount between value as per registered purchase deed vis-a-vis guideline value determined by Stamp Valuation Authority - Merely because...

  8. Addition u/s 69B - there is no evidence other than the report of the DVO and, therefore, the same cannot be relied upon for making an addition - no addition - HC

  9. Addition u/s 69A OR 50C - difference between the sale consideration disclosed by the assessee and the value adopted by the Stamp Valuation Authority - the authorities...

  10. Addition on account of variation in the value of closing stock between the value declared in the accounts and the value declared to the Bank - The assessee demonstrated...

 

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