Tuesday, June 24, 2014

[aaykarbhavan] No addition of unexplained sums if it was duly explained by assessee in absence of any response from third parties




 

No addition of unexplained sums if it was duly explained by assessee in absence of any response from third parties

June 24, 2014[2014] 45 taxmann.com 432 (Allahabad)
IT : In a case of purchase of shares on credit, assessee's obligation stood discharged under section 69A if he furnished details of cheques, details of banks and addresses of sellers of shares
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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