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Income Tax - Highlights / Catch Notes

Home Highlights September 2021 Year 2021 This

Addition u/s 69A r.w.s.115BBE - Since, the assessee has already ...

Income Tax

September 10, 2021

Addition u/s 69A r.w.s.115BBE - Since, the assessee has already explained the source as gifts and offered the same to tax u/s 56(2)(vii)(a), which was not being disproved by the AO, the credits made in the books of accounts stands explained and there is no case for invocation of section 69A - AT

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