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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Addition on account of unexplained cash credit U/s 68 r.w.s. ...


Proposal to Add Unexplained Cash Credit Under Income Tax Act Fails Due to Insufficient Evidence of Unaccounted Money.

September 21, 2018

Case Laws     Income Tax     AT

Addition on account of unexplained cash credit U/s 68 r.w.s. 115BBE - in absence of any evidence, it cannot be held that the assessee has introduced his own unaccounted money by way of bogus long term capital gain - No additions.

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