Thursday, 6 February 2014

Additions in assessment of another year deleted as similar additions were deleted by ITAT from block

IT: Where relying upon addition made in case of assessee in block assessment proceedings in respect of undisclosed investment in agricultural land in village 'K', Assessing Officer made similar addition in regular assessment in respect of agricultural land purchased in village 'A', in view of fact that addition made in block assessment was deleted subsequently in appellate proceedings, impugned addition made in regular assessment was also not sustainable


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