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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Addition u/s 68 - Unexplained cash credit - Addition in dispute ...


Section 68 Unexplained Cash Credit Addition Deleted as Assessee Proves Compliance with Income Tax Act Requirements.

February 14, 2020

Case Laws     Income Tax     AT

Addition u/s 68 - Unexplained cash credit - Addition in dispute is not sustainable in the eyes of law, because the assessee has discharged his onus u/s. 68 of the Act and therefore, the addition in dispute is hereby deleted.

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