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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Revision u/s 26 - The order was also prejudicial to the interest ...


Section 26 Revision Upheld: Assessee Fails to Link Cash Deposits to Business Receipts, Resulting in Full Addition.

February 10, 2017

Case Laws     Income Tax     AT

Revision u/s 26 - The order was also prejudicial to the interest of Revenue because in the absence of assessee succeeding to establish the nexus between cash deposits and business receipts, entire deposits were to be added - Revision upheld - AT

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