When money has percolated to assessee from son, no addition u/s 56 can be made
April 15, 2025
Income Tax, ITAT
When it is demonstrated that money has percolated to assessee from son though through companies in which he was a director, no addition can be made under section 56 – ITAT In a recent judgment, ITAT Chandigarh deleted addition under section 56 observing that once it is demonstrated …