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2016 (12) TMI 618 - HC - Income TaxUnexplained cash credit under section 69 - Held that:- The entire amount which is sought to be added by the A.O., entries have been explained by the assessee by producing Special Audit Report and in the Special Audit Report the Special Auditor has stated all the entries, the learned CIT(A) as well as the learned tribunal are justified in deleting the said addition by observing that the A.O. was not justified in making addition of the aforesaid amount on account of unexplained cash credit under section 69 of the Act, which has been explained in the Special Audit Report. - Decided in favour of assessee
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