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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition u/s 69A/68 - assessee has filed confirmations of the ...


Assessee Submits Detailed Proof for Deposits and Loans, Avoids Additions u/ss 69A and 68.

February 22, 2016

Case Laws     Income Tax     AT

Addition u/s 69A/68 - assessee has filed confirmations of the depositors/creditors with full address, PAN, complete details of cheque amount & number loans/deposits; etc. The assessee has also furnished the details of TDS amount on interest payment to different creditors/depositors; photocopy of bank statement showing the deposits of loan/borrowed fund; etc. - no addition - AT

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