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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Addition u/s 68 - AO neither find any fault with the documents ...


AO Accepts Assessee's Documents Without Independent Inquiry; No Addition u/s 68 of Income Tax Act.

August 12, 2019

Case Laws     Income Tax     AT

Addition u/s 68 - AO neither find any fault with the documents furnished by the assessee nor make any independent enquiry with the share applicants in order to find out the veracity of the submissions made by the assessee, it has to be presumed that the AO was satisfied with the details furnished - no addition

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