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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition u/s 68 - Re-opening of assessment - addition of full ...


Assessment Reopened u/s 68 for Full Sale Proceeds Based on Fraudulent Billing Evidence, Additions Confirmed.

December 14, 2019

Case Laws     Income Tax     AT

Addition u/s 68 - Re-opening of assessment - addition of full value of sale proceeds including long term capital gain as accommodation entry based on the statement of the Director of the Company which is engaged in fraudulent billing activities - Additions confirmed.

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