Sponsored
    Follow Us:

Case Law Details

Case Name : ITO Vs Arun Sangal (ITAT Delhi)
Related Assessment Year : 2018-19
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ITO Vs Arun Sangal (ITAT Delhi)

Conclusion: Additions of Rs.179 crore in the hands of assessee-partner was deleted as income assessed in a firm’s hand was exempt in the hands of its partners as per section 10(2A).

Held: Assessee was a medical professional, filed his returns for the Assessment Year (AY) 2018-19. The appeal concerned an addition of over Rs. 179 crore made by AO under section 68 alleging unexplained cash credits in the assessee’s hands. AO noticed a substantial discrepancy between assessee’s closing capital balance for AY

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31