Section 69A: Cash Receipt and Cheque Refund in Property Sale Accepted, No Income Addition for Assessee Explained.

Section 69A: Cash Receipt and Cheque Refund in Property Sale Accepted, No Income Addition for Assessee Explained. https://www.taxtmi.com/highlights?id=44241 Addition u/s 69A - sale of residential property - receipt in cash against sale of property and refund by way of cheque when transaction failed - we agree with the assessee’s explanation, since source of cash explained - no addition. en-us Fri, 01 Feb 2019 10:44:18 +0530 Fri, 01 Feb 2019 10:44:18 +0530 TaxTMI RSS Generator Section 69A: Cash Receipt and Cheque Refund in Property Sale Accepted, No Income Addition for Assessee Explained. https://www.taxtmi.com/highlights?id=44241 Addition u/s 69A - sale of residential property - receipt in cash against sale of property and refund by way of cheque when transaction failed - we agree with the assessee’s explanation, since source of cash explained - no addition. Highlights Income Tax Fri, 01 Feb 2019 10:44:18 +0530 https://www.taxtmi.com/highlights?id=44241