Addition of undisclosed expenditure based of valuation of ...

Court Rules No Income Addition for Undisclosed Expenditure Without Evidence u/s 158BC in Property Valuation Case.

July 2, 2019

Case Laws Income Tax HC

Addition of undisclosed expenditure based of valuation of property u/s 158BC - cost of construction of the residential building - in the absence of any material found during the course of search regarding the undisclosed investment, the assessee cannot be penalized solely based on the valuation report provided by the Department - no addition

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Addition of undisclosed expenditure based of valuation of ...

Court Rules No Income Addition for Undisclosed Expenditure Without Evidence u/s 158BC in Property Valuation Case.

July 2, 2019

Case Laws Income Tax HC

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