REGARDING NOTICE ISSUED UNDER SECTION 147
This query is : Resolved
Suresh S. Tejwani
(Querist)
24 February 2024
If notice issued to builder under section 131 of income tax act and books of accounts seized of builders then addition can be made to buyer of such property merely because in the books of seller cash transaction over and above of purchase agreement?
Is there any favourable case studies regarding above mentioned matter?
Is there any favourable case studies regarding above mentioned matter?
Dhirajlal Rambhia
(Expert)
26 May 2024
Yes, first query being raised.
Without any justifiable reply, additions can made.
Without any justifiable reply, additions can made.
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