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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Addition on account of advance against the properties - Assessee ...


Assessee's Property Advance Additions Confirmed Despite Refunded Claim in Subsequent Year.

February 16, 2023

Case Laws     Income Tax     AT

Addition on account of advance against the properties - Assessee has improved his explanation step-by-step and instead of explaining facts in a proper manner at respective stage, took a contradictory stand - Now before us, assessee went one step ahead by taking plea that such advances were refunded in next assessment year. - Additions confirmed - AT

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