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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Addition u/s 68 - Cash deposit - Primary onus is on assessee to ...


Assessee's Failure to Prove Unutilized Cash Leads to Additions u/s 68 of Income Tax Act.

February 26, 2014

Case Laws     Income Tax     AT

Addition u/s 68 - Cash deposit - Primary onus is on assessee to substantiate the claim of failure of land deals due to which cash remained unutilized - Assessee had not discharged onus - Additions confirmed - AT

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