Case Law Details
Case Name : Bonthula Hari Venkata Krishna Vs ACIT (ITAT Visakhapatnam)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Visakhapatnam
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Bonthula Hari Venkata Krishna Vs ACIT (ITAT Visakhapatnam)
Recharacterisation Yes, Double Addition No: ITAT Deletes Duplication in Sec 68 Case; Sec 68 Addition to Be Netted Off from Business Income; Tax @ 30%, Not 60%
The Visakhapatnam Bench of the ITAT, in Bonthula Hari Venkata Krishna vs ACIT (ITA No. 581/Viz/2025, AY 2017-18), granted substantial relief to the Assessee by holding that re-characterisation of comm Please become a Premium member. If you are already a Premium member, login here to access the full content.
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