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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Deletion made u/s 68 - since the assessee has failed to prove ...


Tax Authority Limits Addition to One-Third of Unexplained Cash Deposit u/s 68 of Income Tax Act.

May 7, 2014

Case Laws     Income Tax     AT

Deletion made u/s 68 - since the assessee has failed to prove the source of cash deposited of Rs.14,52,000/- in the joint bank account of three individuals, the addition to one-third of the cash deposit is restricted - AT

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