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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - whether Tribunal is right in law in accepting ...


Tribunal Supports Assessee on Section 68 Additions; High Court Finds No Substantial Legal Question Arises.

October 8, 2020

Case Laws     Income Tax     HC

Addition u/s 68 - whether Tribunal is right in law in accepting the contentions of the Assessee without giving an opportunity to the AO by way of a remand - the explanations in the context of Section 68 of the Income Tax Act have to be considered in the light of human probabilities and the explanations cannot be unreasonably rejected. - no substantial question of law arises. - HC

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