Wednesday, July 4, 2018

Agreement to Sell Witnessed and Signed by Persons Can’t be treated as a Sham Document: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Amritsar bench recently held that an unregistered Agreement to Sell (ATS) cannot be treated as a sham document as the same is witnessed and signed persons. In the instant case, the assessee, a Teacher by Profession has deposited an amount of 49 lakhs in the bank account. […]

The post Agreement to Sell Witnessed and Signed by Persons Can’t be treated as a Sham Document: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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