Addition u/s 68 - non maintenance of books of accounts - There ...

Case Laws Income Tax

May 8, 2021

Addition u/s 68 - non maintenance of books of accounts - There was no actual credit of cash or otherwise received by the assessee. No entries are made in the books of account as admittedly no books of account are maintained. Thus based on the real income thereon no addition can be made based on these false or bogus figures. - An addition u/s. 68 of the Act was made on bogus figures which are not true and when no such entries were made in the books of account - Additions deleted - AT

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Addition u/s 68 - non maintenance of books of accounts - There ...

Case Laws Income Tax

May 8, 2021

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