Addition u/s 68 - All the three conditions as required u/s. 68 i. ...

Section 68: Taxpayer Meets Burden of Proof, AO's Addition Based on Assumptions Lacks Justification.

September 8, 2018

Case Laws Income Tax AT

Addition u/s 68 - All the three conditions as required u/s. 68 i.e. the identity, creditworthiness and genuineness of the transaction were placed before the AO and the onus shifted to the ld AO to disprove the materials placed before him. Without doing so, the addition made by the ld AO is based on conjectures and surmises cannot be justified

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Addition u/s 68 - All the three conditions as required u/s. 68 i. ...

Section 68: Taxpayer Meets Burden of Proof, AO's Addition Based on Assumptions Lacks Justification.

September 8, 2018

Case Laws Income Tax AT

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