This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
On-Money Addition Restricted to Co-owner’s Investment Share: ITAT Ahmedabad
Case Law Details
- Case Name
- Deepak Shankarlal Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Deepak Shankarlal Patel Vs ITO (ITAT Ahmedabad)
Ahmedabad ITAT Restricts Alleged On-Money Addition to Actual Investment Share of Co-owner
The Ahmedabad ITAT partly allowed the assessee’s appeal for Assessment Year 2014-15 concerning an addition of ₹26,57,000 made by the Assessing Officer towards alleged unaccounted cash payment for purchase of an industrial shed jointly acquired by the assessee, his father and his brother under a registered sale deed dated 06.05.2013. The CIT(A) had restricted the addition to one-third, i.e., ₹8,85,667, considering the property to be joi...
Author Info
