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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - Applicability of higher rate of tax u/s 115BBE ...

Income Tax

October 13, 2023

Addition u/s 68 - Applicability of higher rate of tax u/s 115BBE - Sourcing unsecured loan against Cash Deposit - the assessee has failed to explain the source of cash deposit to her bank account - The amount remained unexplained and the AO was right in making the addition - Addition made u/s. 68 with higher rate u/s. 115BBE - AT

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