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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

ITAT deleted additions in Block assessment - Surprisingly for ...

Income Tax

June 6, 2020

ITAT deleted additions in Block assessment - Surprisingly for the Grounds raised before the learned Tribunal that the undisclosed income did not belong to the Assessees in their Individual capacity but it could be attributed to the HUF, one of the Assessees, the learned Tribunal, in our opinion, fell in the error in upholding such a contention made on behalf of the Assessees merely because HUF of Assessee might have existed.

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