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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Undisclosed income - amount of cash ‘on-money’ with respect to ...

Income Tax

October 15, 2016

Undisclosed income - amount of cash ‘on-money’ with respect to all the unsold stocks - the cash ‘on-money’ was in-fact being received by the assessee in the previous year relevant to the impugned assessment year, hence, we uphold/sustain the additions - AT

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  10. Undisclosed income - Sale consideration of flats sold by assessee – on-money transactions - AO was justified in adding the same in assessee’s income - AT

 

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