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Income Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

CIT(A) admitting additional evidence and deleted addition - Best ...

Income Tax

December 28, 2023

CIT(A) admitting additional evidence and deleted addition - Best judgment assessment - addition were made u/s 69B based on unexplained investment in time deposits - since the CIT(A) has returned a finding of fact with regard to the source of funds that were found deposited in the period in issue, no interference is called for as these findings have been affirmed by the Tribunal as well. - HC

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