Saturday, January 3, 2015

[aaykarbhavan] Advance on sale of land wasn't unexplained when sale agreement and bank certificate proved its genuineness



Advance on sale of land wasn't unexplained when sale agreement and bank certificate proved its genuineness

January 3, 2015[2014] 52 taxmann.com 437 (Delhi - Trib.)
IT: Matter of claim for deduction under section 54 remanded where deduction was denied on ground of two other properties owned by assessee but there was no clear finding regarding ownership of said two properties
IT: Where requisite documentary evidences like sale agreement, mode of advance, bank certificate and also declaration of creditors were furnished, identity and genuineness of cash credit was established
 
Regards
Prarthana Jalan


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


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