Addition u/s 68 - proof of genuineness of transactions - The AO ...
AO Neglects Duty: Fails to Verify Transactions u/s 68, Relies Only on Investigation Wing Report.
March 31, 2017
Case Laws Income Tax HC
Addition u/s 68 - proof of genuineness of transactions - The AO strangely failed to conduct any scrutiny of documents and rested content by placing reliance merely on a report of the Investigation Wing. This reveals spectacular disregard to an AO’s duties - HC
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