Case Law Details
Case Name : Bharat Bhushan Jain Vs ITO (ITAT Delhi)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Delhi
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Bharat Bhushan Jain Vs ITO (ITAT Delhi)
The undisputed facts in the present case are that the AO invoked provision of section 69A of the Act on the basis that there was a difference between sale consideration as disclosed by the assessee and the Circle rate as prevalent at that point of time. The AO has considered the difference amount as the undisclosed money received by the assessee. However, Ld.CIT(A) ruled that the addition ought not to have been made u/s 69A of the Act as it does not meet the requirement of law. However, he sustained the addition u/s 50C of the Act. There is no dispute wi...
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we have formed Pvt ltd company with proprietor Sudhakar Bonde = son +wife as directors. share of son &wife one percent each.
MIDC transfer order for land & building is received with paying the premium as per law WE HAVE Made a deed of assignment claiming stamp duty waiver. Please guide how to proceed on the issue of stamp duty. whether ADJUDICATION IS REQUIRED?