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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Ingenuine cash credits - Taking into consideration the loans ...


Court Rules Loans Based Solely on Same-Day Returns via One Advocate Don't Warrant Additions u/s 68 IT Act.

January 25, 2017

Case Laws     Income Tax     HC

Ingenuine cash credits - Taking into consideration the loans which are accepted merely on some amount of the ladies for which return was filed on the same date through one advocate is not a ground for making additions u/s 68 - HC

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