<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Advance for Property Acquired by Sister Concern Not Subject to Addition u/s 69B of Income Tax Act.</title>
    <link>https://www.taxtmi.com/highlights?id=54223</link>
    <description>Undisclosed investment - Assessee has given advance for the property which was taken over by assessee’s sister concern and shown by assessee in its balance sheet and squared up in later year so no addition under section 69B of the Act is sustainable - method of accounting cannot determine the true character of a transaction - AT</description>
    <language>en-us</language>
    <pubDate>Sat, 01 Aug 2020 11:22:41 +0530</pubDate>
    <lastBuildDate>Sat, 01 Aug 2020 11:22:41 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=618878" rel="self" type="application/rss+xml"/>
    <item>
      <title>Advance for Property Acquired by Sister Concern Not Subject to Addition u/s 69B of Income Tax Act.</title>
      <link>https://www.taxtmi.com/highlights?id=54223</link>
      <description>Undisclosed investment - Assessee has given advance for the property which was taken over by assessee’s sister concern and shown by assessee in its balance sheet and squared up in later year so no addition under section 69B of the Act is sustainable - method of accounting cannot determine the true character of a transaction - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 01 Aug 2020 11:22:41 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=54223</guid>
    </item>
  </channel>
</rss>