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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Unexplained cash credit received from bogus entities - discharge ...


Court Rules: No Addition for Unexplained Cash Credits Due to Insufficient Proof and Reliance on Suspicion.

November 3, 2020

Case Laws     Income Tax     AT

Unexplained cash credit received from bogus entities - discharge of onus - we are unable to find any such material except for the fact that additions were made merely on suspicious, conjectures and surmises. - No addition can sustain - AT

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