Addition u/s 68 - unexplained cash credit - if the AO wanted to ...

April 15, 2020

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - if the AO wanted to disbelieve the identity, credit-worthiness and genuineness of transaction of cash depositors with the assessee, the AO’s could have carried out more enquiry by examining these persons to establish whether they have given cash to the assessee for carrying out share trading on their behalf or not - Additions deleted.

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Addition u/s 68 - unexplained cash credit - if the AO wanted to ...

April 15, 2020

Case Laws Income Tax AT

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