Unaccounted investment - the sale price on the basis of signed ...

Income Tax

July 12, 2019

Unaccounted investment - the sale price on the basis of signed documents is accepted by the department in the hands of sellers of the property - AO without rejecting the report of the DVO which was prepared at his instance not justified making addition on the basis of the unsigned documents

View Source

← Previous Next →

Unaccounted investment - the sale price on the basis of signed ...

Income Tax

July 12, 2019

You may also like:

Sale transaction of land - unsigned agreement being in the possession of the seller viz., the assessee would not amount to “dumb document“ - addition towards...

Bogus sale - allegation of unaccounted sale to the petrol pump owners/other industries - the sale price declared by the assessee was accepted by the sales tax department...

Addition on account of unexplained source of investment - seller declared higher price of sales value - cross examination - when the statement of the seller is solely...

When the departments relied upon document on the basis of which demand is raised, without such documents made available to the assessee, no proceeding can be concluded.

Unaccounted investment in house property - forced disclosure - no attempt should be made to obtain the confession, which is not based on incriminating document/assets...

Capital gain computation - whether the amount paid by the buyer to the tenant for the vacation of tenancy can be taxed in the hands of the tenants or owner of the...

Addition on protective basis u/s 69A - genuineness and ownership of fine gold - The seller confirmed to have made sale to the assessee vide tax invoice dated 26 October...

Computation of long term capital gain - Sale of ancestral property - Exclusion of the amount paid to the unauthorized occupants directly by the purchase of the property...

IDS - no enquiry would be made by the Income-tax Department in respect of sources of undisclosed income or investment in movable or immovable property declared in a...

Addition u/s.69 or 68 - assessee has paid on-money towards purchase of property to the seller - The assessee is only owner of 1/3rd share in the property purchased. -...

Quick Updates: