Section 69: Deemed Income for Hindu Undivided Families with Insufficient Explanation, No Need for Further Investigation.

Section 69: Deemed Income for Hindu Undivided Families with Insufficient Explanation, No Need for Further Investigation. https://www.taxtmi.com/highlights?id=22425 Additions u/s 69 - So long as the explanation is not sufficient and it can be termed as deemed income of HUFs, it is not necessary to further examine the aspect as to whether there was any income earned by the Company and as to whether there was diversion of money to the HUFs or not? - HC en-us Wed, 08 Apr 2015 08:18:32 +0530 Wed, 08 Apr 2015 08:18:32 +0530 TaxTMI RSS Generator Section 69: Deemed Income for Hindu Undivided Families with Insufficient Explanation, No Need for Further Investigation. https://www.taxtmi.com/highlights?id=22425 Additions u/s 69 - So long as the explanation is not sufficient and it can be termed as deemed income of HUFs, it is not necessary to further examine the aspect as to whether there was any income earned by the Company and as to whether there was diversion of money to the HUFs or not? - HC Highlights Income Tax Wed, 08 Apr 2015 08:18:32 +0530 https://www.taxtmi.com/highlights?id=22425