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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Genuineness of payment - diversion of income - There is not a ...

Income Tax

June 21, 2016

Genuineness of payment - diversion of income - There is not a word in the sale deed why the majority of the sale consideration was diverted to M/s. Pushpadanta Infrastructure Ltd. The petitioner has not been able to produce before the Revenue Authorities or even before us any reason why M/s. Pushpadanta Infrastructure Ltd. should have received such sale consideration - additions confirmed - HC

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