Unexplained cash credit u/s 68 r/w section 115BBE - Bogus ...

December 28, 2020

Case Laws Income Tax AT

Unexplained cash credit u/s 68 r/w section 115BBE - Bogus purchase and sale - The assessee has recorded the entries of sales and purchase in its books of account and has duly disclosed the items of sales and purchase in the profit & loss account and has duly disclosed the profit earned on the trading in the profit & loss account and has offered the same as business income. The assessee has furnished as much information as possible to justify its claim about the transactions of cloth being genuine. - Additions deleted - AT

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Unexplained cash credit u/s 68 r/w section 115BBE - Bogus ...

December 28, 2020

Case Laws Income Tax AT

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