ITAT directs to compute addition towards 2% of profit  on sale of silver by assessee found during Search proceedings [Read Order]

ITAT directs to compute addition towards - profit on sale of silver by assessee found during Search proceedings - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi  bench directed to compute addition towards 2% of profit on silver sold by assessee found during the course of search proceedings. The AO made additions under Section 69 of Income Tax Act, 1961 and he added an amount of Rs.2,89,300/-. During the  search & seizure operations at the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader