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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Nature, Source and genuineness of income - As per AO assessee ...


High Court Overturns AO's Decision on Taxpayer's Undisclosed Income u/s 68, Citing Lack of Basis.

October 11, 2013

Case Laws     Income Tax     HC

Nature, Source and genuineness of income - As per AO assessee failed to prove the source and genuineness of income hence taxed the same as undisclosed income u/s 68 - action of AO is not correct - HC

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