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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Merely because bank has gone in liquidation would not be ...

Income Tax

October 10, 2016

Merely because bank has gone in liquidation would not be sufficient reason to doubt the bank transaction in support of which, there was ample other evidence produced by the assessee - HC

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  9. Imposition of penalties - Apart from the statement there are ample documentary evidences which clearly establish that appellants were involved in aiding and abetting...

  10. Undervalued/preferential/fraudulent transactions - Failure to adjudicate about the ingredients of Section 43, 45, 49 and 66, specifically - need for separate...

 

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