Addition u/s 68 - unexplained cash towards cash deposits made ...

Income Tax

November 2, 2022

Addition u/s 68 - unexplained cash towards cash deposits made during the demonetisation period - AO did not reject the books of accounts of the assessee and has not brought anything contrary on record to show that cash sales is not the source for the cash deposited during demonetisation period. We are therefore of the opinion that there is no case here for making the addition as unexplained u/s.68. - AT

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Addition u/s 68 - unexplained cash towards cash deposits made ...

Income Tax

November 2, 2022

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