Is Advance Amount forfeited for sale consideration taxable?
Last updated: 10 July 2021
Court :
ITAT Bangalore
Brief :
The assessee has filed this appeal challenging the order dated 4.2.2020 passed by Ld. CIT(A)-1 Bengaluru and it relates to the assessment year 2011-12. The assessee is aggrieved by the decision of Ld. CIT(A) in confirming the addition made by the A.O. u/s 28(iv) of the Act.
Citation :
ITA No.408/Bang/2020
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Published in Income Tax
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