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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Addition on account of unexplained source of investment - seller ...

Income Tax

August 17, 2019

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 relied on by the AO, it is the duty of the AO to ask the assessee if he wanted to cross examine, to provide an opportunity to cross examine the seller - no such opportunity has been given by the AO - addition not sustainable

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