Addition u/s 68 - the assessee had no justification for ...

High Court Upholds Additions u/s 68 of Income Tax Act for Unjustified High-Interest Borrowings by Assessee.

August 3, 2013

Case Laws Income Tax HC

Addition u/s 68 - the assessee had no justification for borrowing such amounts at high rate of interest, even without disturbing the well established principle of not insisting on the assessee proving source of the source, on the robust facts of the revenue authorities, additions confirmed - HC

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Addition u/s 68 - the assessee had no justification for ...

High Court Upholds Additions u/s 68 of Income Tax Act for Unjustified High-Interest Borrowings by Assessee.

August 3, 2013

Case Laws Income Tax HC

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