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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Unaccounted opening cash balance - In the Balance sheet the cash ...


Unaccounted Opening Cash Balance in Balance Sheet: Books Accepted, No Additional Financial Adjustments Needed.

March 4, 2019

Case Laws     Income Tax     AT

Unaccounted opening cash balance - In the Balance sheet the cash balance and sundry creditor is shown at NIL figure - in the light of the reason given by the assessee not to have uploaded the details of closing balance is justified and since books of account have been accepted, the addition was not warranted

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