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Income Tax - Highlights / Catch Notes

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Addition u/s 69/115BBE - unexplained money on the basis of ...

Income Tax

June 8, 2021

Addition u/s 69/115BBE - unexplained money on the basis of difference in stock statement submitted to the lender bank - When no defect is found with the accounts of the assessee explanation rendered by the assessee that the inflated statement was given to the bank to avail higher credit is to be considered in its proper perspective, no interference in deleting such addition either by Ld. CIT(A) - AT

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