Additions on Land Purchase: ITAT grants Stay from Recovery of Rs. 45 Lakhs for Pendency of Income Tax Appeal [Read Order]
The appellant argued that the investment and related payments were made in the preceding year, a fact she claimed was not properly considered by the assessing authorities.
By Manu Sharma - On August 27, 2024 9:08 pm - 2 mins read
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench, comprising Accountant Member Annapurna Gupta and Judicial Member Siddhartha Nautiyal, has granted a stay on the recovery of ₹45 lakhs from the appellant, who is contesting an addition made to her income on account of an alleged unexplained investment in land. The stay is effective…
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