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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Unexplained sundry creditors - genuineness of sundry creditors - ...


Assessing Officer to Evaluate Genuineness of Sundry Creditors u/s 68 of Income Tax Act for Home-Based Craftsmen.

November 14, 2011

Case Laws     Income Tax     AT

Unexplained sundry creditors - genuineness of sundry creditors - small time karigars, doing job works of finishing and polishing from their homes - The AO was supposed and required to apply his mind to the issue and thereby considering the applicability of the provisions of section 68 of the Act..... - AT

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