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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Unexplained source of the cash deposits - The advance paid for ...


Cash Deposits Scrutinized: Advances for Asset Acquisition Must Appear on Balance Sheet, Indicating Company Made No Such Advance.

April 24, 2017

Case Laws     Income Tax     AT

Unexplained source of the cash deposits - The advance paid for acquiring asset, whether stock in trade or not, has to appear in balance sheet and if it does not appear it only means that there was no such advance given by the company - AT

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