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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Addition on loose papers impounded during the survey proceedings ...


Assessing Officer Lacks Evidence to Tax Additional Projects for Assessment Year 2009-10; Claims Unsubstantiated by Survey Papers.

April 29, 2020

Case Laws     Income Tax     HC

Addition on loose papers impounded during the survey proceedings - AO had not been able to substantiate that there was really any other project running at the same time, otherwise the Assessing Officer ought to have subjected them to tax in the assessment year 2009-10 as well, which had not been done.

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