Addition u/s 68 - it is contended before AO that advances (cash ...

Unexplained Cash Credits u/s 68: AO's Half-hearted Inquiry Reversed by Appellate Authority, Not a Substantial Law Question.

May 20, 2019

Case Laws Income Tax HC

Addition u/s 68 - it is contended before AO that advances (cash credit) were made against the purchase of goods - AO and the Appellate Authority have the power of Civil Court u/s 131 including the power to enforce attendance of the witnesses and the parties - If a half-hearted enquiry was made by the AO and additions were made as unexplained cash credits u/s 68 and such finding of facts were reversed by the Appellate Authority, it would not give rise to any substantial question of law u/s 260A

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Addition u/s 68 - it is contended before AO that advances (cash ...

Unexplained Cash Credits u/s 68: AO's Half-hearted Inquiry Reversed by Appellate Authority, Not a Substantial Law Question.

May 20, 2019

Case Laws Income Tax HC

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