Wherein the addition u/s 68 was proposed on the basis of entries ...

Section 68 Addition Not Valid: Bank Passbook Entries Aren't Assessee's Books, Says Legal Precedent.

January 19, 2024

Case Laws Income Tax AT

Wherein the addition u/s 68 was proposed on the basis of entries in the Bank Passbook, which cannot be treated as books of accounts of the assessee, therefore, the contention of the Ld. AR that addition u/s 68 cannot be made when no books of accounts are maintained by the assessee is worth concurring which is well supported by the analogy and well settled principle of law drawn by Hon’ble Bombay HC - AT

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Wherein the addition u/s 68 was proposed on the basis of entries ...

Section 68 Addition Not Valid: Bank Passbook Entries Aren't Assessee's Books, Says Legal Precedent.

January 19, 2024

Case Laws Income Tax AT

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