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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Addition on income from unexplained sources u/s 68 - sham ...


Tax Department Unjustly Classifies Income as Unexplained u/s 68 Despite Previous Acceptance of Similar Transactions.

February 17, 2017

Case Laws     Income Tax     AT

Addition on income from unexplained sources u/s 68 - sham transaction - the nature of the income and source on the identical transaction have been accepted by the Department in preceding assessment year, authorities below were not justified in holding the income of the assessee from unexplained sources u/s 68 - AT

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