Addition u/s 68 - when the alleged entry operators have admitted ...

Assessee Must Prove Non-Involvement in Fraudulent Scheme u/s 68 of Income Tax Act.

September 16, 2016

Case Laws Income Tax AT

Addition u/s 68 - when the alleged entry operators have admitted on oath that they ran this racket ; and when name of the assesee is discovered as one of the beneficiaries of the alleged racket ; and when amounts are actually found in the books of assessee to be credited in the name of alleged entry operators ; burden was on the assessee to prove that it was not a beneficiary of the racket. - AT

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Addition u/s 68 - when the alleged entry operators have admitted ...

Assessee Must Prove Non-Involvement in Fraudulent Scheme u/s 68 of Income Tax Act.

September 16, 2016

Case Laws Income Tax AT

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