Unexplained cash credit u/s 68 - discharge of initial onus or ...
Unexplained Cash Credit Case: Section 68 Burden Met with Full Documentation, CIT(A) Deletes Addition.
May 19, 2020
Case Laws Income Tax AT
Unexplained cash credit u/s 68 - discharge of initial onus or not - when full particulars, inclusive of the confirmation with name, PAN, copy of Income-tax returns, balance sheet Profit & Loss Account computation of income are furnished and same reflected in their books of accounts - addition so made is rightly deleted by the Ld. CIT (A).
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