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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Addition u/s 68 - old outstanding sundry credit balances - the ...


Court Clarifies "Any Previous Year" u/s 68 Relates Only to the Assessment Year's Previous Year.

February 19, 2020

Case Laws     Income Tax     HC

Addition u/s 68 - old outstanding sundry credit balances - the expression “any previous year” to mean as not referring to all the previous years, but, the previous year in relation to the assessment year concerned. - HC

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