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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Deletion made u/s 68 of the Act – Unexplained sundry creditors – ...

Income Tax

April 28, 2014

Deletion made u/s 68 of the Act – Unexplained sundry creditors – opening balances which could be verified from the books of accounts of the assessee cannot be added in current year's income as done by the AO – the AO was not justified in making addition u/s 68 or u/s 69 - AT

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