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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - When Appellant is doing business, then it was ...


Court Stresses Importance of Maintaining Accurate Business Records u/s 68 for Tax Compliance and Accountability.

August 28, 2017

Case Laws     Income Tax     HC

Addition u/s 68 - When Appellant is doing business, then it was incumbent on him to maintain proper books and/ or books of account. It may be in any form. Therefore, if he had not maintained it, then he can not be allowed to take advantage of his own wrong - HC

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