Unexplained investment - Purchase of vehicle - In the assessment ...

Taxpayer's Car Purchase Cost Added to Income Due to Unaccepted Explanation, Later Removed from Assessment Order.

April 10, 2020

Case Laws Income Tax AT

Unexplained investment - Purchase of vehicle - In the assessment order, the AO has also accepted that the assessee has sufficient bank balance to meet out for purchase of car, however, did not accept the explanation of the assessee and added the same to the total income of the assessee. - additions deleted - AT

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Unexplained investment - Purchase of vehicle - In the assessment ...

Taxpayer's Car Purchase Cost Added to Income Due to Unaccepted Explanation, Later Removed from Assessment Order.

April 10, 2020

Case Laws Income Tax AT

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