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Addition u/s 68 - additional income declared by the appellant in ...


Section 68 Dispute: 6 Crore Addition Challenged in Tax Case; Survey u/s 133A Highlights Income Declaration Issues.

January 28, 2022

Case Laws     Income Tax     AT

Addition u/s 68 - additional income declared by the appellant in the course of survey action u/s. 133A - disallowing the sum of 6 crores debited to the profit and loss account under the head "WIP declared u/s. 133A survey - Assessee In any case, it is settled law that quoting a wrong section is not fatal to the assessment, if the addition is justified and warranted on the facts and circumstances of the case - AT

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