Friday, April 10, 2015

[aaykarbhavan] High Court upheld sec. 69 additions as assessee failed to explain source of investment



High Court upheld sec. 69 additions as assessee failed to explain source of investment

April 10, 2015[2014] 52 taxmann.com 112 (Andhra Pradesh and Telangana)/[2014] 367 ITR 421 (Andhra Pradesh and Telangana)
IT : In view of failure of assessee to explain source of investment for earning certain undisclosed income, reasonable addition suggested by revenue on account of unexplained investment on estimate basis was to be confirmed
 
Regards
Prarthana Jalan


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


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