Addition u/s 68 - unexplained cash credit - source of amount ...

Section 68 Challenge: Unexplained Cash Credit and Sales Validity Highlighted; Peak Credit Concept Referenced in Court Discussion.

March 12, 2020

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - source of amount deposited in the bank account - represents sale proceeds or not - Peak Credit - Once the purchases have been accepted, then the corresponding sales cannot be disturbed without giving any conclusive evidence/finding. - AT

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Addition u/s 68 - unexplained cash credit - source of amount ...

Section 68 Challenge: Unexplained Cash Credit and Sales Validity Highlighted; Peak Credit Concept Referenced in Court Discussion.

March 12, 2020

Case Laws Income Tax AT

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