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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Addition of bank deposits u/s 69 - Assessee assessed u/s 44AF - ...


Court Deletes Baseless Assessment of Bank Deposits u/ss 69 and 69C of Income Tax Act.

May 23, 2012

Case Laws     Income Tax     AT

Addition of bank deposits u/s 69 - Assessee assessed u/s 44AF - the deposits assessed by the lower authorities u/s. 69 and 69C of the Act is without any basis, hence deleted - AT

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