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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Additions u/s 68 - burden of proof - Admittedly in the instant ...

Case Laws     Income Tax

October 13, 2020

Additions u/s 68 - burden of proof - Admittedly in the instant case, the assessee has provided the explanation, such explanation was found acceptable by the AO for the previous and subsequent Assessment Years. AO did not record a specific note of his satisfaction / dissatisfaction with regard to those three persons. - Additions deleted - HC

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