Daily digest for Gupta Chandan & Associates, on June 23, 2022

posted: "INCOME TAX : Where pursuant to survey under section 133A conducted by Investigating Wing on BAS, he admitted on oath that he was engaged in business of providing accommodation entries to beneficiaries in lieu of commission and had named applicant as one o" Gupta Chandan & Associates Reassessment based on survey conducted at third person that he provided accommodation entry to assessee is valid: HC Jun 23 INCOME TAX : Where pursuant to survey under section 133A conducted by Investigating Wing on BAS, he admitted on oath that he was engaged in business of providing accommodation entries to beneficiaries in lieu of commission and had named applicant as one of recipients of accommodation entries and Assessing Officer after examining facts formed belief […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/reassessment-based-on-survey-conducted-at-third-person-that-he-provided-accommodation-entry-to-assessee-is-valid-hc/ Powered by Jetpack

posted: "INCOME TAX : Where Assessing Officer made additions to assessee's income on basis of an agreement to sale, however, revenue was only in possession of photocopy of agreement alleged to have been executed and assessee was able to prove that same was an unre" Gupta Chandan & Associates AO can't make additions under sec. 69 on basis of an uncertified copy of an agreement to sell: ITAT Jun 23 INCOME TAX : Where Assessing Officer made additions to assessee's income on basis of an agreement to sale, however, revenue was only in possession of photocopy of agreement alleged to have been executed and assessee was able to prove that same was an unregistered document, and assessee claimed to have sold land in question vide […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/ao-cant-make-additions-under-sec-69-on-basis-of-an-uncertified-copy-of-an-agreement-to-sell-itat/ Powered by Jetpack