Cash credit - Additions u/s 68 instead of u/s 69 - Mentioning of ...

Cash Credit Addition Valid Under Incorrect Section; Source of Bank Deposit Unexplained Confirms Income Tax Case Decision.

March 28, 2018

Case Laws Income Tax AT

Cash credit - Additions u/s 68 instead of u/s 69 - Mentioning of wrong Section in the orders of the authorities below would not be fatal to the case of Revenue. May be technically Section 68 is not applicable in the case of the assessee, but, assessee failed to explain source of the cash deposit in her bank account - additions confirmed - AT

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Cash credit - Additions u/s 68 instead of u/s 69 - Mentioning of ...

Cash Credit Addition Valid Under Incorrect Section; Source of Bank Deposit Unexplained Confirms Income Tax Case Decision.

March 28, 2018

Case Laws Income Tax AT

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