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Income Tax - Highlights / Catch Notes

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Addition u/s 56(2)(vii)(b) - additional income - assessee has ...


Assessee Declares Additional Income After Survey u/s 133A, Adjusted u/s 56(2)(vii)(b) Disclosure.

October 9, 2023

Case Laws     Income Tax     AT

Addition u/s 56(2)(vii)(b) - additional income - assessee has suo motu declared this amount post survey proceedings u/s 133A on the assessee - the addition under section 56(2)(vii)(b) has to be adjusted and telescoped out of this suo motu voluntary disclosure of the assessee - AT

 

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