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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Addition u/s 68 - Addition of donations - the affidavit of a ...


Section 68: Donations Additions Upheld Due to Self-Serving, Uncorroborated Third-Party Affidavit Lacking Transaction Justification.

May 22, 2014

Case Laws     Income Tax     HC

Addition u/s 68 - Addition of donations - the affidavit of a third person is mere self-serving evidence unless the same is backed by some other evidence justifying the nature of the transaction - additions confirmed - HC

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