Addition u/s.68 - unexplained cash deposit into bank - ...

Assessing Officer's Unexplained Cash Credit Addition u/s 68 Rejected; Books of Account Accepted.

December 10, 2022

Case Laws Income Tax AT

Addition u/s.68 - unexplained cash deposit into bank - demonetization period - Books of account not rejected - As the treating of the cash deposits an unexplained cash credit u/s.68 of the Act by the A.O in itself militates against the acceptance of the book results of the assessee by him, therefore, there can be no justification in upholding the addition so made by him. - AT

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Addition u/s.68 - unexplained cash deposit into bank - ...

Assessing Officer's Unexplained Cash Credit Addition u/s 68 Rejected; Books of Account Accepted.

December 10, 2022

Case Laws Income Tax AT

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