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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - the tribunal was satisfied that the credit ...


Tribunal Confirms Assessee Proved Investment Creditworthiness, No Additions Made u/s 68 of Income Tax Act.

February 16, 2022

Case Laws     Income Tax     HC

Addition u/s 68 - the tribunal was satisfied that the credit worthiness and the genuinity of the investments have been sufficiently established by the assessee not only before the CIT(A), but also before the assessing officer on the matter being sent back to the assessing officer pursuant to the order passed by the CIT(A) - No additions - HC

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