Unexplained cash credit u/s 68 - supporting evidences to ...
Unexplained Cash Credit Additions Deleted u/s 68: Revenue Fails to Contradict Cash Availability Evidence.
June 10, 2023
Case Laws Income Tax AT
Unexplained cash credit u/s 68 - supporting evidences to substantiate the source of cash found from the possession - Assessee has shown a taxable income of Rs. 2.30 crores during the year. Before us, the ld. CIT-DR for the revenue failed to bring any contrary fact against the availability of cash in hand for preceeding assessment years at various specified branches from where the cash was transported. - Additions deleted - AT
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