Case Law Details
Case Name : Shanmugasundaram Venkatachalapathy Vs ITO (ITAT Chennai)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Chennai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Shanmugasundaram Venkatachalapathy Vs ITO (ITAT Chennai)
Doctor’s Claim of Family Gifts Savings Rejected –No Proof of Gifts/Drawings – Tribunal Confirms Cash Investment Addition u/s 69; ITAT Chennai Upholds Addition of ₹69.5 Lakh as Unexplained LIC Investment of Govt Doctor
Assessee, a Government doctor also running a private clinic, filed return declaring income of ₹21.8 lakh. AO reopened assessment u/s 147 after noting professional receipts of ₹2.21 lakh from pharma companies (as per Form 26AS) not declared in return. Further, AO found investments of ₹85.96 lakh in LIC policie...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
