Since the assessee had no business income, no books of account ...

Section 68 Addition Overturned: No Business Income, No Books of Account; Passbook Not Recognized as Book of Account.

March 29, 2018

Case Laws Income Tax AT

Since the assessee had no business income, no books of account were maintained and the addition was made only on the basis of the assessee’s pass book, which is not a book of account; that as such, the addition made under section 68 of the Act is not sustainable - AT

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Since the assessee had no business income, no books of account ...

Section 68 Addition Overturned: No Business Income, No Books of Account; Passbook Not Recognized as Book of Account.

March 29, 2018

Case Laws Income Tax AT

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