Applicability of section 68 or u/s 41(1) – the amounts in ...

No Income Addition: Sections 68 & 41(1) Not Applicable Due to No Transactions with Creditors in Relevant Year.

September 2, 2013

Case Laws Income Tax AT

Applicability of section 68 or u/s 41(1) – the amounts in question were outstanding for the last three years - there is no infirmity in the stand taken by the creditors that they did not have any transaction with the assessee during the year - no addition - AT

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Applicability of section 68 or u/s 41(1) – the amounts in ...

No Income Addition: Sections 68 & 41(1) Not Applicable Due to No Transactions with Creditors in Relevant Year.

September 2, 2013

Case Laws Income Tax AT

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