Addition u/s 69B - On-money payment in cash - Unless something ...

Section 69B: AO Must Find Concrete Evidence for Alleged On-Money Cash Payments; Unverified Data Not Enough.

July 13, 2023

Case Laws Income Tax AT

Addition u/s 69B - On-money payment in cash - Unless something is brought on record or AO conducts inquiry that the said person in whose possession it was found has given the details or has confirmed or AO founds some other information or material, addition cannot be made simply relying on uncorroborated data or entry in third party books. Thus, on merits, we do not find any justification for making an addition u/s. 69B for alleged payment of On-money in cash - AT

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Addition u/s 69B - On-money payment in cash - Unless something ...

Section 69B: AO Must Find Concrete Evidence for Alleged On-Money Cash Payments; Unverified Data Not Enough.

July 13, 2023

Case Laws Income Tax AT

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