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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Reopening of assessment - addition u/s 68 - The assessee has ...


Reopening of Assessment Upheld u/s 68: Assessee Fails to Prove Creditworthiness, Additions Confirmed.

February 4, 2019

Case Laws     Income Tax     AT

Reopening of assessment - addition u/s 68 - The assessee has miserably failed to discharge the onus that lay on her by section 68 of the Act. The creditworthiness of the creditors does not stand proved by any cogent evidence on record - additions confirmed.

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