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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Additions towards building expenses and other unaccounted income ...


Assessee's Surrendered Income Covers Building Costs, AO's Adjustment Deemed Unjustified by Tribunal Decision.

August 24, 2023

Case Laws     Income Tax     AT

Additions towards building expenses and other unaccounted income - Addition made by the AO on account of addition in the value of building cannot be held to be justified as the assessee in clear terms has surrendered the additional professional income covering the expenditure incurred on building - AT

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