ITAT Ahmedabad Rules that Unexplained Expenditure Triggers Deeming Provisions of Section 69

The ITAT also clarified that a mere transfer of Property through a registered sale, without the buyer making the payment to the seller, cannot lead to an addition. The Ahmedabad Income Tax Appellate Tribunal (ITAT) recently made a significant ruling … Continue reading ITAT Ahmedabad Rules that Unexplained Expenditure Triggers Deeming Provisions of Section 69