Addition u/s 68 on unexplained capital - erroneous filing of ITR ...

Case Laws Income Tax

May 13, 2022

Addition u/s 68 on unexplained capital - erroneous filing of ITR and is a result of mistake committed by the assessee partnership firm - the capital introduced by the partners cannot be taxed in the hands of the assessee-firm under section 68 - we are of the considered opinion that the ld. CIT(A) has fully justified in deleting the addition made under section 68 of the Act. - AT

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Addition u/s 68 on unexplained capital - erroneous filing of ITR ...

Case Laws Income Tax

May 13, 2022

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