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No addition for mere non-reconciliation of Professional fees with AIR details
Case Law Details
- Case Name
- CIT Vs Shri S. Ganesh
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-07
- Courts
- All High Courts, Bombay High Court
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Brief:
Addition on account of information of AIR & just because can’t reconcile source of income is not justified for addition in hie total income
Being 2nd holder of investments & all receipts received by 1 st holder…then explanation & addition regarding such investments is to be done on such 1 st holder.
To maintain bank accounts & spending in other process to receive exempt income, then such spending is to be on appropriate basis of calculation to be disallowed.
Fact of the Case:
The assessee is an Advocate by profession and filed his return of income on 8.12.2006 ...
