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Income Tax - Highlights / Catch Notes

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Additions u/s 69A - Denial of exemption u/s 11 - Receipt of ...

Income Tax

August 21, 2023

Additions u/s 69A - Denial of exemption u/s 11 - Receipt of unaccounted capitation fees in cash - Post search Assessment of trust - Ld. CIT(A) had rightly held that, search operation being leaked cannot be an alibi for making addition in an assessment, as the assessment has to be made based on evidences and not on suspicion and conjectures. - AT

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