Tag Archives: IT APPEAL NO. 720 (KOL.) OF 2014

Income Tax Audit not done u/s 44AB : No penalty if assessee acted bona fide

By | November 24, 2017

Held Even though the net profit / loss arising from the purchase and sale of securities was disclosed by the assessee in the profit and loss account, the value of such securities held by the assessee was fully and truly disclosed by the assessee under the head investment in the relevant balance sheet.The said method… Read More »