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Sec. 69C additions upheld by HC since assessee failed to prove nature of expenditure incurred through credit cards
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Corporate Tax
Sec. 69C additions upheld by HC since assessee failed to prove nature of expenditure incurred through credit cards
Posted on
on
July 26, 2019
Tenet Tax Daily July 25 2019
By
tenettax-team
Corporate Tax
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If assessee’s tax liabilities were unlikely to exceed value of already attached properties his Bank account should be released
Valuation of preference shares issued at premium to be conducted as per prescribed guidelines – matter remanded by ITAT
