Addition u/s 56(2)(vii)(b)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ddition u/s 56(2)(vii)(b)<br> Query (Issue) Started By: - Haresh Raithatha Dated:- 10-11-2017 Last Reply Date:- 10-11-2017 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear sir One of my client had pur....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....chased Agricultural land for &#8377; 32 lacs jointly with 3 co-owners in F Y 14-15. He is having other income of &#8377; 2.50 lacs (Agricultural income &#8377; 7.25 lacs) during the F.Y. 2014-15. Valu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e u/s 50 (c) is &#8377; 90 lacs. The case is selected under scrutiny and AO want to Add &#8377; 14.50 lacs (1\4th share) in the Assessment u/s 56 (2)(vii)(b). Please adivse. Reply By MARIAPPAN GOVIN....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DARAJAN: The Reply: What is the reason given by the Assessing Officer for adding this amount to the income of your client?<br> Discussion Forum - Knowledge Sharing ....