New User / Register | Annual Subscription | SMS Option | Feedback |
Login: Stay
| Forget Password |
Tax Management India .com
             
TMI - Tax Management India. Com

Home Case Index 2012 (9) TMI Income Tax Tri Income Tax + Tri
← Previous Next →

User Login
Username  
Password  
Stay sign in     
New User / Registeration    -    Forget / Lost password

Subscribe Annual Package


ITO-1(2), Bhopal Versus Dharmendra Pandit - 2012 (9) TMI 581 - ITAT INDORE - Income Tax

Addition made on account of unexplained cash credits u/s 68 as the assessee failed to prove the source of such deposits in his bank account - assessee claims it to be out of sale proceeds of retail business - return filed u/s 44AF - Held that - Admittedly since the turnover of the assessee is below Rs. 40 lacs, therefore, as per the provisions of section 44AF, the assessee is not expected to maintain books of accounts. The assessee disclosed income of Rs.76,235/- in his return. The impugned amou........



 

what is new what is new


© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.