Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Highlights / Annotations
Home Highlights April 2019 Year 2019 This
← Previous Next →

Addition of Undisclosed Income - Just because the statements u/s 132 (4) state that he paid Capitation Fee , it does not mean that it could result in an addition ipso facto as Undisclosed Income without the corroborating material - an addition based on such an unsupported, vague and non-specific admission can not result in a sustainable addition attracting imposition of tax thereon

Income Tax
10-4-2019

Addition of Undisclosed Income - Just because the statements u/s 132 (4) state that he paid Capitation Fee , it does not mean that it could result in an addition ipso facto as Undisclosed Income without the corroborating material - an addition based on such an unsupported, vague and non-specific admission can not result in a sustainable addition attracting imposition of tax thereon

Continue Reading....

 

← Previous Next →

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||