The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the addition of on-money received by the builder on sale of flats has to be determined based on evidence found during search & seizure operations. The bench also clarified that such addition must be made in the year in which […]
The post Addition for On-Money Received towards Sale of Flats must be determined based on Evidence found during Search: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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