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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

The mere irregularities in the documents as pointed by the ld DR ...


Assessment Officer's Decision on Land Purchase Classified as Sham Deemed Incorrect and Unsustainable.

November 14, 2017

Case Laws     Income Tax     AT

The mere irregularities in the documents as pointed by the ld DR can not be the basis to draw conclusion as to genuineness of the transaction - the order of AO treating the purchase of interest in the land from OM and WW as sham is incorrect and can not be sustained. - AT

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