This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Wrong Section Mention Is Curable, But Addition Needs Valid Legal Basis: ITAT Mumbai
Case Law Details
- Case Name
- Navodit Singh Vs Prakhyat land Developers Private Limited (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Navodit Singh Vs Prakhyat land Developers Private Limited (ITAT Mumbai)
Wrong invocation of section 68 instead of section 69C is a curable defect under section 292B, but the addition can survive only if the conditions of the correct charging provision are independently satisfied: ITAT Mumbai
Summary: The Mumbai ITAT held that an addition cannot automatically survive merely because the Assessing Officer invoked the wrong provision of law, but the matter must still be examined on merits. The dispute arose when the Assessing Officer treated a difference in unsecured loan repa...
Author Info
