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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Addition u/s 68 - merely because the bank statement an ITR of ...

Case Laws     Income Tax

March 16, 2016

Addition u/s 68 - merely because the bank statement an ITR of the lender were not submitted, in spite of submitting balance sheet and profit and loss account of the company, confirmation stating its PAN and also transactions are through account payee cheques and in absence of any inquiry, we are of the view that no addition can be made in the hands of the assessee - AT

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