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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Addition u/s 68 - the assessee is not required to explain source ...

Income Tax

April 19, 2017

Addition u/s 68 - the assessee is not required to explain source of source of the fund gets buttressed by the amendment made in section 68 with effect from 01.04.2013, which empowers the AO to examine source of source in case of share application money from 01.04.2013 and no other cases prior to that. - AT

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