18 results for “TDS”+ Section 56(2)(vii)clear
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Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.08/Viz/2024 (निर्धारण वर्ा / Assessment Year : 2016-17) Indira Pasupuleti, Vs. Income Tax Officer, Palakollu. International Taxation, Pan: Gfjpp 5413 L Kakinada. (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओर से/ Appellant By : Sri C. Subrahmanyam, Ar प्रत्यधर्थी की ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar
section 56(2)(vii)(b) of the Act, the assessee has purchased the property below the market value and hence the difference of Rs. 15,50,000/- (Rs. 30,50,000 – Rs. 15,00,000/-) was proposed to be treated as ‘income from other sources’. The Ld. AO also observed that the assessee has not filed her return of income