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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Unexplained cash found during the search action - AO has not ...

Case Laws     Income Tax

May 31, 2021

Unexplained cash found during the search action - AO has not pointed out any unexplained credit in the books of account, any unexplained investment, any unexplained money, bullion or jewellery, any unexplained expenditure or any amount of loan repaid in the assessment order in this respect. Therefore, the provisions of Section 68, 69, 69A, 69B, 69C and 69D, the provisions of Section 115BBE are not attracted on the surrendered . - AT

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