Section 68 Challenge: Unexplained Cash Credit and Sales Validity Highlighted; Peak Credit Concept Referenced in Court Discussion.

Addition u/s 68 - unexplained cash credit - source of amount deposited in the bank account - represents sale proceeds or not - Peak Credit - Once the purchases have been accepted, then the corresponding sales cannot be disturbed without giving any conclusive evidence/finding. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X