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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Additions made by AO and agreed upon by the assessee - Even if ...


Taxpayer Admissions Don't Block Legal Relief; Income Tax Authorities Must Consider All Allowable Reliefs Under Law.

August 23, 2018

Case Laws     Income Tax     AT

Additions made by AO and agreed upon by the assessee - Even if there is an agreed addition, the admission or surrender of that income cannot operate as a estoppels and the Income Tax authorities are bound to consider and allow whatever relief is permissible under law.

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