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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Addition u/s 68 - AO cannot sit back with folded hands till the ...


Assessing Officer Must Actively Verify Evidence u/s 68 Before Rejecting Assessee's Submission.

November 20, 2018

Case Laws     Income Tax     HC

Addition u/s 68 - AO cannot sit back with folded hands till the assessee exhausts all the evidence or material in his possession and then come forward to merely reject the same, without carrying out any verification or enquiry into the material placed before him.

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