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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Addition u/s 68 - Since Assessee furnished details of debtors ...


AO and CIT(A) Misclassify Recoveries from Deposits as Cash Credits u/s 68 Despite Assessee's Evidence.

November 18, 2013

Case Laws     Income Tax     AT

Addition u/s 68 - Since Assessee furnished details of debtors and also the entries made in the books of account, both the AO and the CIT(A) have erred in considering recoveries from deposits as cash credits - AT

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