Addition u/s 68 - Unexplained cash credit - it is to be ...

Section 68 Inquiry Unnecessary: No Unexplained Cash Credits Found, No Need to Examine Evidence for 28 Applicants.

August 19, 2020

Case Laws Income Tax AT

Addition u/s 68 - Unexplained cash credit - it is to be construed that no amount in real sense has been found to be credited in the accounts of the assessee for the current assessment year and if that be so, then how an inquiry for the purpose of section 68 can be made. Therefore, there is no need to examine this evidence i.e. confirmation, capacity and genuineness of 28 applicants. - AT

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Addition u/s 68 - Unexplained cash credit - it is to be ...

Section 68 Inquiry Unnecessary: No Unexplained Cash Credits Found, No Need to Examine Evidence for 28 Applicants.

August 19, 2020

Case Laws Income Tax AT

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