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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Addition of unexplained deposits u/s 68 - when the depositor is ...


Unexplained Deposits: Rs. 50,000 Confirmed, Rs. 50,000 Deemed Unexplained u/s 68 of Income Tax Act.

December 10, 2014

Case Laws     Income Tax     AT

Addition of unexplained deposits u/s 68 - when the depositor is confirming only ₹ 50,000/- out of ₹ 100,000/- shown by the assessee, it has to be accepted that balance deposit was not explained. - AT

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