CIT couldn't make addition on money lending activity if it wasn't a subject matter of assessment before AO
IT : Where money lending activity was not subject matter of assessment before Assessing Officer, Commissioner (Appeals) erred in making addition on said issue
IT : Where statement of builder that assessee made payment to him for purchase of shop was not subject to any cross examination by assessee issue of unexplained investment to be remanded back to Assessing Officer for fresh examination
IT : Where expenditure in question could not be explained by assessee, same was rightly treated unexplained expenditure
IT : Without referring to any evidence on basis of which cost of construction declared by assessee, same could not be rejected
IT : Cash found in search being genuine sale consideration of property, no addition to be made
IT : Agricultural income, cannot be estimated without taking into consideration agricultural operation
IT : Jewellery inherited from is to be estimated considering status of assessee and level of income of entire family
Regards
Prarthana Jalan
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