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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Suppression of profit made by way client code modification - ...

Income Tax

January 28, 2021

Suppression of profit made by way client code modification - none of the clients has been found to be bogus and all of them have complied with KYC norms, meaning thereby the identity of all the clients stand proved. None of them has disowned the transactions and all of them have also declared the income in their respective returns of income. All these factors, in our view, support the contentions of the assessee - Additions deleted - AT

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