Addition u/s 69C - excess stock - 69B OR 69C - mentioning of ...

Section 69C Additions Valid Despite Incorrect Section Mention; Targets Unexplained Stock, Investments, Expenses, and Assets.

May 25, 2019

Case Laws Income Tax HC

Addition u/s 69C - excess stock - 69B OR 69C - mentioning of wrong section would not upset the Additions made by the AO as all these provisions have been enacted with a view to bring to tax the unexplained debit balances in the Balance Sheet of the assessee either in the form of Unexplained Investments, Expenses or Stocks, etc., or unexplained Assets, Money, Bullion, Jewellery, etc

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Addition u/s 69C - excess stock - 69B OR 69C - mentioning of ...

Section 69C Additions Valid Despite Incorrect Section Mention; Targets Unexplained Stock, Investments, Expenses, and Assets.

May 25, 2019

Case Laws Income Tax HC

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