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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Undisclosed/unexplained cash u/s 69A - Though the manner in ...


Court Rules Undisclosed Cash u/s 69A Cannot Be Selectively Disregarded; Additional Tax Liability Removed.

July 9, 2016

Case Laws     Income Tax     AT

Undisclosed/unexplained cash u/s 69A - Though the manner in which assessee-company has offered the unexplained cash to tax in the return of income is not in the best of the terms, yet it cannot be negated by merely cherry-picking the facts - further addition deleted - AT

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