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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

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  4. Confiscation - imports - excess goods found during examination - there is clear misdeclaration of quantity of distinctly different types of scrap having different values...

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