Addition u/s 68 - advance received from 469 parties by the ...

Advances from 469 parties deemed genuine trade advances, not unexplained credits, u/s 68 of the Income Tax Act.

September 22, 2016

Case Laws Income Tax AT

Addition u/s 68 - advance received from 469 parties by the assessee - the monies received by the assessee are only trade advances and the same has been proved by the assessee as a genuine credit and in any case cannot be the subject matter of addition u/s 68 - AT

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Addition u/s 68 - advance received from 469 parties by the ...

Advances from 469 parties deemed genuine trade advances, not unexplained credits, u/s 68 of the Income Tax Act.

September 22, 2016

Case Laws Income Tax AT

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