Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Section 68 Addition Deleted Due to Absence of Incriminating Material in Search Assessment

Case Law Details

Case Name
Reform Realty & Logistics Development Pvt. Ltd. Vs DCIT (ITAT Chennai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement Reform Realty & Logistics Development Pvt. Ltd. Vs DCIT (ITAT Chennai) In Reform Realty & Logistics Development Pvt. Ltd. Vs DCIT, the appeal arose from an order of the Commissioner of Income Tax (Appeals) for Assessment Year 2017–18 concerning an assessment framed under Sections 143(3) read with 153A of the Income Tax Act, 1961. A search under Section 132 was conducted on 16.10.2019 in the NKV Krishna Group, covering the assessee as a group concern. During the assessment, the Assessing Officer added ₹10,00,000 as unexplained cash credit under Section 68, alleging ...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,739

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published.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