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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Additions u/s 68 - deposit of cash out of cash withdrawn by ...


Court Rules Against Additions u/s 68 for Cash Withdrawn to Purchase Property; Considers Human Conduct and Behavior.

March 27, 2018

Case Laws     Income Tax     HC

Additions u/s 68 - deposit of cash out of cash withdrawn by appellant from the same bank account for purchase of immoveable property - Due regard and latitude to human conduct and behaviour has to be given and accepted - no additions - HC

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