Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Addition made by AO without disclosing the basis to Assessee and in Assessment order is not sustainable

Case Law Details

Case Name
Shri K.P. Madhvan Nair Vs. ITO (Kerala High Court)
Date of Judgement/Order
Only available for paid members
Advertisement
The assessee has been assessed on the basis that there is an un-disposed investment of Rs.15,14,200/-. We find from objection filed by the assessee before the Assessing Officer, he has stated thus: “As regards the investment in property, it is submitted that we are not in position to understand how you have arrived at a total investment amount of Rs.1514200. There is no investment in my individual capacity to the tune of Rs.1514200. However the investment made during the year under consideration is detailed in annexure I enclosed. I do not understand what are the document comprised off get t...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *