Addition of undisclosed investment u/s 69 cannot be made purely on possibility of higher payment on the basis of comparables of higher market value.
Last updated: 22 January 2021
Court :
ITAT Mumbai
Brief :
These are appeals by the various assessees belonging to the same group and one appeal by the revenue against respective orders of learned Commissioner of Income Tax (Appeals) [in short learned CIT(A)] for the concerned assessment years.
Citation :
I.T.A. No. 6519/Mum/2019
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Published in Income Tax
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