Reasonable jewellery according to the status of taxpayers cannot be seized.


 951 total views

IT: Where Assessing Officer under section 69A made addition on account of jewellery find in search of assessee, since assessee belong to a wealthy family and jewellery was receive on occasions from relatives, excess jewellery was very much reasonable and, thus, no addition under section 69A was call for
[2018] 93 275 (Delhi – Trib.)

Vibhu Aggarwal

[button color=”” size=”” type=”round” target=”” link=””]home[/button]  [button color=”” size=”” type=”round” target=”” link=””]Submit Article [/button]  [button color=”” size=”” type=”round” target=”” link=””]Ask Question [/button]

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving