Bombay H.C : The Tribunal was right in law in confirming the addition of Rs.2,01,200/- under section 69A of the Act in the Assessment Year 1987-88 when the assessee was not found to be owners of jewellery valued at the said amount in the financial year 1986-88 being the relevant previous year for the Assessment Year 1987-88 which is the requirement of section 69A of the Act

High Court Of Bombay Ajay R. Dhoot vs. DCIT, Mumbai Section :69A Assessment year : 1987-88 M.S. Sanklecha And N.M. Jamdar, JJ. IT Appeal No. 1127 Of 2000 July 15, 2015 JUDGMENT M.S. Sanklecha, J. – This appeal under Section 260A of the Income Tax Act, 1961 (the ‘Act’) is directed against the order dated…

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