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Income Tax - Highlights / Catch Notes

Home Highlights August 2011 Year 2011 This

When additions are made under section 68, 69, 69A, 69B and 69C, ...


Sections 68-69C of Income Tax Act: No deductions for unexplained income. Justify your income source to claim deductions.

August 20, 2011

Case Laws     Income Tax     AT

When additions are made under section 68, 69, 69A, 69B and 69C, no deduction is allowed in respect of any expenditure if assessee fails to explain such income as taxable under a particular head of income..... - AT

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