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Income Tax - Highlights / Catch Notes

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Unexplained cash credits u/s.68 - amount collected on behalf of ...


Unexplained Cash Credits u/s 68: Assessee Fails to Prove Identity, Genuineness, and Creditworthiness in Tax Dispute.

January 30, 2017

Case Laws     Income Tax     AT

Unexplained cash credits u/s.68 - amount collected on behalf of its sister concern - all three relevant parameters of identity, genuineness and creditworthiness have not been discharged at assessee’s behest in its endeavor to delete the impugned addition - AT

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